Value-added tax (VAT) may 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, etc. The 2% VAT reduction will be applied 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 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 the continued reduction of 2% VAT is really necessary. Because this policy contributes to directly reducing people's costs when consuming goods and services. Thanks to that, people shop and spend more, promote production and business and create 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