Decree No.72/2024/ND-CP stipulates the tax reduction of Value Added Tax ("VAT") policy effective for the last 06 months of 2024
On 29 June 2024, the National Assembly has passed the proposal to continue the reduction of Value Added Tax (“VAT”) rate for most of goods and services, which are currently subject to the tax rate of 10%, under Resolution No. 142/2024/QH15.
The Government has just officially released Decree 72/2024/ND-CP (“Decree 72”) dated June 30, 2024, which outlines the VAT reduction extension to the last 06 months of 2024 per Resolution 142/2024/QH15. Overall, Decree 72 remains largely similar to previous VAT rate reduction Decrees.
---
Download the full documents in below.
OUR SUPPORT
For regulation changes and tax matters, we can provide you with assistance on:
- Registration, declaration of Personal Income Tax, Corporate Tax, VAT and Foreign Contractor Tax.
- Tax refunds assistance and representation.
- Consultancy on utilizing opportunities provided by transfer pricing.
- Customs advisory: Compliance & reporting; FTA and C/O; Harmonised System code classification and valuation; Inventory control; International trade arrangement; and Others.
Subscribe to our newsletter here
---
*Disclaimer:
This is a guide from Forvis Mazars in Vietnam to update the latest developments in tax, accounting and investment environment in Vietnam. The information and analysis or comments herein are of the generic nature and are quoted or interpreted from the regulations. We recommend that the clients contact Forvis Mazars Vietnam’s advisors for further clarification and professional advice for each particular circumstance.
Documents
Contacts
