VAT 8% applied from 1 Jan 2025 to 30 Jun 2025 [Continued]
Positive news from Vietnam Government pertaining to VAT rate that VAT rate 8% is continued to apply for goods & services for the period from 1 Jan 2025 to 30 Jun 2025.
8% VAT is applied for all goods and services, EXCEPT:
- Telecommunications
- Finance, banking, insurance and securities related service
- Real estate business
- Prefabricated metal and metal products, mining products (excluding coal mining), coke, refined petroleum, chemical products
- Information technology and IT related services
- Goods and service subject to special consuming tax
NOTICE RELATING TO LAW ON VALUE-ADDED TAX
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Law on Value-Added Tax No. 48/2024/QH15 is effective from 1 July 2025.
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Prominent changes is Goods and Services provided subject to VAT 0%; and certain conditions of such activities in order to be entitled for VAT 0%.