Businesses have been facing many difficulties in declaring goods eligible for the Government’s 2 per cent value-added tax (VAT) cut, said Đậu Anh Tuấn, deputy secretary-general of the Vietnam Chamber of Commerce and Industry (VCCI) and head of its legal department. Under a government support programme, certain goods are eligible for an 8 per cent VAT rate, instead of the standard 10 per cent. The programme was introduced post-COVID-19 to support the recovery of businesses and the economy. Since its introduction, it has received strong support from the business community.
Source: Businesses face difficulties in declaring goods eligible for VAT cut (vietnamnews.vn)
