Vietnam’s value-added tax (VAT) rate will be lowered to 8% for a broad range of goods and services specified in Clause 3, Article 9 of the Law on VAT.

2% VAT reduction extends to end of 2026.

Under Resolution No. 204/2025/QH15 of the National Assembly, the 2% reduction in VAT is scheduled to take effect from July 1 and remain valid until December 31, 2026.

The reduction will not apply to sectors such as telecommunications, finance, banking, securities, insurance, real estate, metal products, mineral resources (excluding coal), and items subject to special consumption tax (excluding petrol).

NA resolutions on tuition and agricultural land tax exemption, universal preschool education passed

The resolution on tuition exemption and support in the national education system was approved with 440 out of 441 deputies present voting in favour. It takes effect from the date of its adoption and will be applied starting from the 2025–2026 academic year.

 

E-commerce tax revenues soar 55% in five months

A total of 158 foreign service providers have registered, declared, and paid taxes through the Department of Taxation’s electronic portal, contributing 5.7 trillion VND, up 41% year-on-year.

 

NA endorses 10% preferential tax rate for all press agencies

To affirm the Party and State’s commitment to supporting the press, the NA Standing Committee has adopted the government’s proposal to apply a uniform preferential corporate tax rate of 10% to all types of press. This move aligns with the current tax incentives for print newspapers.

 

Viet Nam urged to increase tobacco tax to curb smoking amid rising affordability

As average income continues to rise, tobacco products have become increasingly affordable and accessible to the community, warned Phan Thi Hai, Deputy Director of the Tobacco Harm Prevention Fund under the Ministry of Health.

Bac Giang’s import-export tax revenue surges over 32%

BAC GIANG - By the end of the first quarter of this year, the Customs Branch of Region V collected more than 636 billion VND (27.6 million USD) in import and export taxes from 462 enterprises operating in Bac Giang province — an increase of over 32% compared to the same period last year. This figure represents more than 27% of the annual target.