Vietnam: VAT rate reductions

The regular VAT rate of 10% is reduced to 8% from 1 February 2022 until the end of 2022. The rate for the following services has not been reduced:

Telecommunications, financial activities, banking activities, securities, insurance, trading of real estate, metal and precast metal products, mining products (excluding coal mining), coke mining, refined oil, chemical products.

Goods and services subject to excise tax.

Information technology as prescribed in the law on information technology.

For the latest global VAT insights from all over the world, please see: Global VAT Newsletter #2/2022



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