Politics

NA adopts resolution on VAT reduction, revised law on enterprises

From July 1, 2025 to December 31, 2026, the VAT rate will be reduced to 8% from 10% for goods and services specified in Clause 3, Article 9 of the Law on VAT No. 48/2024/QH15.

The legislature adopts the resolution on VAT reduction with 452 deputies present voting in favour, accounting for 94.56% of the total. (Photo: VNA)
The legislature adopts the resolution on VAT reduction with 452 deputies present voting in favour, accounting for 94.56% of the total. (Photo: VNA)

Hanoi (VNA) – The 15th National Assembly (NA) voted to pass a resolution on value-added tax (VAT) reduction, and a law amending and supplementing a number of articles of the Law on Enterprises on June 17 morning, part of its ongoing 9th session.

The legislature adopted the resolution on VAT reduction with 452 deputies present voting in favour, accounting for 94.56% of the total.

According to the resolution, scheduled to be effective from July 1, 2025 to December 31, 2026, the VAT rate will be reduced to 8% from 10% for goods and services specified in Clause 3, Article 9 of the Law on VAT No. 48/2024/QH15, except for the following groups: telecommunications, finance, banking, securities, insurance, real estate, metal products, mineral products (except coal), and goods and services subject to the special consumption tax (except petrol).

Compared to the previous resolutions, the new one expands the coverage of the VAT cut to transportation, logistics, and IT products and services.

The Government reported that the VAT reduction may lead to decreases of some 39.54 trillion VND in state budget revenue during the second half of 2025, and about 82.2 trillion VND in 2026. However, the move is expected to boost production and business activities, thereby helping to drive revenue sources for the state budget.

Meanwhile, 455 lawmakers, or 95.19% of the deputies present at the plenum, voted in favour the law amending and supplementing a number of articles of the Law on Enterprises.

The amendment law, which consists of three articles, will come into effect from July 1, 2025./.

VNA
#NA #Law on Enterprises #esolution on value-added tax (VAT) reduction #amendment law
Follow VietnamPlus

Vietnam - New era

Related News

NA Chairman Tran Thanh Man speaks at the meeting (Photo: VNA)

NA meeting considers personnel affairs

Discussions centred on appointments to the NA Ethnic Council and the NA Committee on Deputy Affairs, as well as personnel proposals to be submitted for consideration at the 15th NA’s ongoing ninth session.

NA passes amended laws on corporate income tax, excise tax (Photo: VNA)

NA passes amended laws on corporate income tax, excise tax

452 lawmakers, or 94.56% of the total number of deputies present, voted in favour the revised Law on Corporate Income Tax, while the amended Excise Tax Law was adopted with 448 out of 454 deputies present voting in favour, accounting for 93.72% of the total.

See more

Party General Secretary To Lam speaks at the working session (Photo: VNA)

Dak Lak must link Central Highlands with south central coast: Party chief

During a working session with the provincial Party Organisation, authorities and residents on February 11, which linked virtually with 102 local wards and communes, Party General Secretary To Lam hailed their achievements last year, urging immediate translation of the 14th National Party Congress's orientations and directives into concrete actions and measurable outcomes from the outset of the new term.

Party General Secretary To Lam, who is also Secretary of the Central Military Commission, visits officers and soldiers of the Ea H’Leo Border Guard Station on February 11 (Photo: VNA)

Party chief extends Tet greetings to border guards in Dak Lak province

The Party leader acknowledged and highly valued the strong sense of responsibility and perseverance of the station’s officers and soldiers. Despite being stationed in a border area with many difficulties, they have remained steadfast at their posts, focused on building a regular, green, clean and beautiful unit, promoted production activities, and gradually improved the material and spiritual lives of the troops.

Nguyen Manh Cuong, member of the Party Central Committee, Standing Deputy Secretary of the Party Committee and Deputy Minister of Foreign Affairs. (Photo: VNA)

Official stresses proactive implementation of 14th Party Congress Resolution in foreign affairs

The foreign policy of the 14th Congress represents both continuity and development. It inherits the fundamental objectives, principles and approaches affirmed over previous congresses, namely independence, self-reliance, peace, cooperation, development, multilateralisation and diversification, while introducing new dimensions to meet the country’s Fatherland construction and safeguarding requirements in the new era.

Party General Secretary To Lam offers incense in tribute to late Party General Le Duan. (Photo: VNA)

Party General Secretary pays tribute to late leaders ahead of Tet

In the warm atmosphere ahead of Tet, General Secretary To Lam warmly inquired about the lives and work of the families of the late Party General Secretaries, expressing his hope that they will continue to uphold fine traditions, strive for further achievements in their work, and actively contribute to national development.

PM Pham Minh Chinh in the phone talks with his Singaporean counterpart Lawrence Wong. (Photo: VNA)

Vietnamese, Singaporean Prime Ministers hold phone talks to deepen bilateral ties

The Vietnamese leader put forward a number of proposals for bilateral cooperation, including continued prioritisation of the expansion and upgrading of the Vietnam–Singapore Industrial Parks (VSIPs) to a second generation model that integrates industry with services, high technology and eco-urban development, with a target of reaching 30 VSIPs in 2026, marking 30 years since the successful model was launched in Vietnam.

Mondulkiri's delegation presents Tet gifts to Lam Dong Border Guard Command. (Photo: VNA)

Vietnamese, Cambodian localities boost border cooperation

Cooperation and coordination between the Lam Dong Border Guard and Mondulkiri’s armed forces have been increasingly strengthened, playing an important role in maintaining political security, social order and stability in border areas.

Party General Secretary To Lam (ninth, left, front row) and delegates at the meeting pose for a group photo. (Photo: VNA)

Party chief meets with retired military generals ahead of Lunar New Year Festival

The Party chief called on the entire army to firmly uphold the principle of the Party’s absolute and direct leadership over the VPA in all aspects; focus on building an elite and modern force; enhance overall quality and combat strength; streamline the organisational structures; and develop the defence industry in a proactive, self-reliant, dual-use and modern direction.