2% VAT rate cut in 2022

12 January, 2022

On 11 January 2022, the National Assembly has approved a Resolution on fiscal and monetary policies to support the Socio-Economic Development and Recovery Program which is effective from 11 January 2022 to 31 December 2023. The Resolution includes a 2% VAT reduction applicable for 2022.

We outline below some key points.

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Nguyen Thanh Trung

Partner, Tax Services Leader, PwC Vietnam

Tel: +84 28 3823 0796

Nguyen Huong Giang

Partner, Tax Services, PwC Vietnam

Tel: +84 24 3946 2246

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