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 5% reduced rate on basics.
- Entertainment
- Hotel accommodation
- Sports
- Hospitality
- Publishing
- Film and music publishing
For all global VAT and GST rates see our international tax rates database. The cut will be for November and December 2021 only.
The Ministry of Finance has also proposed a 30% cut to company income taxes for smaller enterprises.
