Value Added Tax (VAT) may continue to be reduced by 2% until the end of 2026

(GLO)- According to the draft Resolution of the National Assembly on reducing value added tax, the Ministry of Finance proposed to reduce the VAT rate by 2% for some groups of goods and services with a tax rate of 10% to 8%.

except for telecommunications services, banking, securities, insurance, real estate business, metal products, mining products... The 2% VAT reduction period is from July 1, 2025 to December 31, 2026. The budget revenue is expected to decrease by about VND 121,740 billion.

The Ministry of Finance has proposed a 2% reduction in the value-added tax rate, applicable to groups of goods and services currently subject to a 10% tax rate (to 8%). Photo source thoibaonganhang.vn

The Ministry of Finance considers that continuing to reduce VAT by 2% is really necessary. This policy directly contributes to reducing people's costs when consuming goods and services. As a result, people will shop and spend more, promoting production and business and creating more jobs for workers, contributing to economic growth this year and the following years.

Source: https://baogialai.com.vn/co-the-se-tiep-tuc-giam-thue-gia-tri-gia-tang-vat-2-den-het-nam-2026-post316221.html