COVID-19 VAT cuts for hard-hit sectors Vietnam has announced a range of measures to help businesses still coping with the ongoing COVID pandemic. A Value Added Tax rate subsidy of 30% off the standard rate. The current VAT rate in Vietnam is 10%, with a
The Vietnamese Ministry of Finance has announced a range of fiscal measures to support the economy as the coronavirus pandemic continues. This includes a 30% reduction in the 10% standard rate to 7% for income from certain sectors most affected, including: tourism; public transport; hotel
Marketplaces face new turnover tax to level playing field for domestic e-retailers and high streets Vietnam has announced a 1.5% on the income of non-resident marketplaces from their income on sales to Vietnamese consumers. The aim is to level the playing field for local online
