The National Assembly approved the content of reducing VAT by 2% from July 1, 2023 to the end of 2023. Specifically,
Regarding the implementation of a 2% reduction in value-added tax rates specified in Item a, Point 1.1, Clause 1, Article 3 of the National Assembly's Resolution No. 43/2022/QH15 from July 1, 2023 to July 1, 2023. ends on December 31, 2023.
"Article 3. Policies to support the program of socio-economic recovery and development"
1. Fiscal policy:
1.1. Tax exemption and reduction policy:
a) Reducing the value-added tax rate by 2% in 2022, applicable to groups of goods and services currently applying the value-added tax rate of 10% (remaining to 8%), except for some groups the following goods and services: telecommunications, information technology, financial activities, banking, securities, insurance, real estate trading, metals, prefabricated metal products, mining products (excluding coal mining), coke, refined petroleum, chemical products, goods and services subject to excise tax; ...."