NEWSLETTER JUNE 2025
Decree No. 174/2025/ND-CP dated 30 June 2025 stipulating the policy of reducing value added tax (“VAT”) according to Resolution No. 204/2025/QH15 dated 17 June 2025 of the National Assembly Reduce the VAT rate by 2%, applicable to groups of goods and services specified in Clause 3, Article 9 of the Law on Value Added Tax No. 48/2024/QH15 (from 10% down to 8%) except for the following groups of goods and services: Telecommunications, financial activities, banking, securities, insurance, real estate business, metal products, and mineral products (except coal), goods and services subject to special consumption tax (except gasoline). The Resolution...