2% VAT Reduction Extended to End of 2026: Legal Analysis and Implications

Vietnam extends 2% VAT cut to 2026.

The 15th National Assembly of Vietnam has officially passed a resolution to continue applying a 2% reduction in value-added tax (VAT), lowering the rate from 10% to 8% for certain groups of goods and services. This policy will take effect from July 1, 2025, and remain in force until December 31, 2026. It is a…

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