On the morning of November 29, 2023, at the closing session of the 6th Meeting of the 15th National Assembly, the National Assembly passed a resolution covering various matters, including the continuation of the 2% value-added tax (VAT) reduction for 2024.
Specifically, the National Assembly approved extending the 2% VAT rate reduction under Resolution No. 43/2022/QH15 for the period from January 1, 2024, to June 30, 2024, applicable to goods and services currently subject to the standard 10% VAT rate (reduced to 8%).
This reduction does not apply to certain groups of goods and services, including telecommunications, information technology, financial services, banking, securities, insurance, real estate, metals, fabricated metal products, mining products (excluding coal), coke, refined petroleum, chemical products, and goods and services subject to special consumption tax.
(Source: Vietnam National Assembly Portal)
Details at: https://quochoi.vn/tintuc/Pages/tin-hoat-dong-cua-quoc-hoi.aspx?ItemID=82674
