On the morning of June 17, 2025, the National Assembly officially passed the Resolution on reducing Value Added Tax (VAT).
Concrete:
- Reduce VAT by 2%, from 10% to 8% for groups of goods and services that are applying the tax rate of 10%.
- Some groups of goods and services not subject to tax reduction include: telecommunications, financial activities, banking, securities, insurance, real estate, metal products, mining products (except coal), goods and services subject to special consumption tax (except gasoline).
This Resolution takes effect from July 1, 2025 to the end of December 31, 2026.
(According to the Government e-newspaper dated June 17, 2025)
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