Draft Decree regulating the 2% VAT cut
13 June, 2024
In late May 2024, the Government has approved the proposal to implement a resolution to extend the cut in value-added tax (VAT) from 10% to 8% on specific groups of goods and services from 1 July until the end of 2024, as suggested by the Ministry of Finance in the Document 116/TTrBTC dated 27 May 2024.
The proposed resolution to reduce the VAT rate by 2% in the last 6 months of 2024 is expected to be passed at the 7th Meeting of National Assembly XV.
In the meantime, the Government also publishes a draft Decree on 2% VAT reduction.
