Keyword: "Value Added Tax"

30 Result

Indonesia applies 12% VAT on luxury goods

Indonesia applies 12% VAT on luxury goods

Indonesia has officially implemented a 12% value added tax (VAT) on luxury goods and services starting on January 1, marking an increase of 1% compared to the previous rate.

VAT cut by 2% to continue from January to June 2025

VAT cut by 2% to continue from January to June 2025

The 15th National Assembly approved an extension of the 2% value-added tax (VAT) reduction. The reduction applies to specific goods and services listed in Point a, Section 1.1, Clause 1, Article 3 of Resolution No. 43 on fiscal and monetary policies to support the Socio-Economic Recovery and Development Programme. The extended policy will be effective from January 1, 2025 to June 30, 2025.

Every opportunity needs to be grasped to speed up growth: experts

Every opportunity needs to be grasped to speed up growth: experts

To reach this year’s GDP growth target of 6.5%, economic expansion in the second half of 2023 must stand at around 9%, which requires harmonious and close coordination among the Government, ministries, sectors, and localities to maximise resources and seize every opportunity, experts have said.
Value added tax to be cut by 2% from July 1

Value added tax to be cut by 2% from July 1

The Government on June 30 issued Decree No. 44/2023/ND-CP on reducing the value added tax (VAT) in line with the National Assembly’s Resolution No. 101/2023/QH15 dated on June 24, 2023.
Government agrees with proposal on 2% VAT reduction

Government agrees with proposal on 2% VAT reduction

The Government has agreed with the Ministry of Finance’s proposal on a plan to reduce taxes, fees and charges for 2023, which suggested a 2% reduction in the value added tax (VAT) on goods and services.
HCM City wants tax reduction for COVID-19 affected businesses

HCM City wants tax reduction for COVID-19 affected businesses

The Ho Chi Minh City People’s Committee has made several suggestions for the Ministry of Finance’s decree to support businesses and individuals affected by the COVID-19 pandemic, including ensuring bank lending rates are no more than 2 percent higher than deposit interest rates.
Vecom question tax regulations

Vecom question tax regulations

The Vietnam e-Commerce Association (Vecom) said that a number of regulations in Circular 40 were not yet feasible, which could impact activities of hundreds of thousands of individuals doing business on e-commerce floors.