12.22.22

Standard VAT rate will resume to 10% from 1st January 2023

We previously communicated about the temporary reduction of the standard VAT rate in Vietnam from 10% to 8%, effective from 1 February 2022 to 31 December 2022.

According to Decree 15/2022, the standard VAT rate will be reinstated back to 10% from 1 January 2023.

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