VOV.VN - Petrol prices across Vietnam have been reduced following the implementation of a 2% value-added tax (VAT) cut, starting July 1.
Starting July 1, e-marketplaces such as Shopee, Lazada, Tiki, and TikTok Shop will officially begin withholding and paying value-added tax (VAT) and personal income tax (PIT) on behalf of individual sellers using their platforms, as in accordance with the Government's Decree No. 117/2025/ND-CP.
VOV.VN - With 452 out of 453 votes in favor, the National Assembly approved a resolution to reduce the Value-Added Tax (VAT) rate by 2% till the end of the year, at its ongoing session in Hanoi on June 17.
The Government has proposed a 2-percentage-point reduction in the value-added tax (VAT) for goods and services currently taxed at 10%, lowering the rate to 8%.
The National Assembly (NA) Standing Committee discussed a draft resolution regarding the continued reduction of value-added tax (VAT) for the latter half of 2025 and entire 2026 at its 44th session on April 23.
VOV.VN - The Standing Committee of the National Assembly is scheduled to convene its 44th session in Hanoi from April 14 to 28, focusing on law-making, including Constitutional amendments, according to the Office of the National Assembly.
Goods valued under VND1 million (US$39.18) will no longer qualify for VAT exemption when they are imported into Vietnam via express delivery services under the Prime Minister’s recent decision.
VOV.VN - Several important economic policies are taking effect this year, directly impacting individuals and businesses.
Starting February 18, the value-added tax (VAT) exemption for imported goods valued under VND1 million (approximately US$40) sent via express delivery will officially be discontinued.
From February 18, 2025, Vietnam will end import duty and VAT exemptions for goods valued under VND1 million(US$40) sent via express delivery, under a new government directive.