VAT reduction

The National Assembly requested not to allow import tax exemption for small-value goods. Illustration photo: VGP

Congress calls for tax on small value imports

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The National Assembly requested not to allow import tax exemption for small-value goods, and to have sanctions to manage tax collection for e-commerce platforms.

Deputy Prime Minister Ho Duc Phoc presents the Proposal on the draft Resolution on VAT reduction. Photo: Pham Dong

Submit to the National Assembly to continue reducing VAT until the end of June 2025

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According to the Government, reducing VAT reduces state budget revenue but also stimulates production and business.