Vietnam VAT hike proposal

Tue 3rd Jul 2018

Vietnam’s government is considering a VAT rise from the current 10% standard and 5% reduced rates. The tax rise is required to meet commitments to reduce import tariffs.

There are two proposals under review by the Finance Ministry:

  • 1. Raise the standard rate from 10% to 12%, and the reduced rate from 5% to 6%; or
  • 2. Consolidate all supplies currently on the two rates at a single, 10% rate.

Click for free Vietnamese VAT info