Chủ đề: VAT reduction

A range of new policies are taking effect during February, such as those on VAT reductions, origin of goods, increased fees for conditional business appraisal in the seafood sector, strengthened judicial assessment in seafood, and land use levy exemptions for people with meritorious service, among others.

The Ministry of Finance will implement government Decree No. 15 from February 1 on tax exemptions and reductions to support socio-economic recovery and development. Many goods and services are entitled to a VAT reduction of 8 per cent, which is estimated to cost VND49.4 trillion ($2.18 billion).