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Tag: VAT

Reduce Value Added Tax (VAT) to 8% in Vietnam 2024

Reduce Value Added Tax (VAT) to 8% in Vietnam 2024

On June 30, 2024, the Government issued Decree No. 72/2024/ND-CP stipulating the VAT reduction policy according to Resolution No. 142/2024/QH15 dated June 29, 2024 of the National Assembly. Accordingly, the…
Penalty for late payment of value added tax (VAT)

Penalty for late payment of value added tax (VAT)

Value added tax (VAT) is a tax calculated on the added value of goods and services arising during the process of production, circulation, and consumption. So when paying tax late,…
Compare deductible and direct VAT calculation methods

Compare deductible and direct VAT calculation methods

VAT (Value Added Tax) (also known as value added tax) is a type of consumption tax applied on the added value of goods and services during the production and business…
VAT deduction of 2% for the first 6 months of 2025 in Vietnam

VAT deduction of 2% for the first 6 months of 2025 in Vietnam

Value Added Tax (VAT) is a broadly based consumption tax assessed on the value of goods and services arising through the process of production, circulation, and consumption. On November 30,…

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