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Vietnam Considering VAT Rate Reduction to Boost Economy

|Proposed Changes|Vietnam
Vietnam

According to a release from the Vietnam News Agency, the Ministry of Finance has proposed a reduction in the VAT rate from 10% to 8% for a number of goods and services to boost the economy.

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Ministry proposes VAT reduction to 8% to boost economy

The Ministry of Finance has recently put forward a proposal to the government to bring down value-added tax (VAT) from 10% to 8% for a number o…

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