(VOVWORLD) -Minister of Finance Ho Duc Phoc on Wednesday presented to the National Assembly meeting a report on the continued reduction of value-added tax by 2%. The new tax policy will be applied to goods and services subject to the 10% tax rate, except telecommunications, IT, financial activities, banking, securities, insurance, and real estate business. Minister of Finance Ho Duc Phoc. Photo: VOV.VN According to the Minister, the tax cut is necessary to promptly respond to socio-economic developments.

https://vovworld.vn/en-US/news/government-proposes-valueadded-tax-cut-by-2-from-july-1201912.vov

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