VCCI proposes maintaining zero VAT for Vietnam's exported services due to competitiveness concerns against foreign rivals.
Vietnam's commerce chamber, VCCI, proposes maintaining zero VAT for exported services, citing concerns that tax hikes would harm the competitiveness of Vietnamese providers against foreign rivals. The proposal responds to the Ministry of Finance's draft, which suggests imposing VAT on most exported services instead of the current zero rate. Only international transportation, vehicle rental outside Vietnam, and related services would maintain zero tax rates, while others would be subject to the 10% VAT rate.
March 12, 2024
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