The Vietnamese Ministry of Finance Jan. 11 announced the passage of a resolution on additional tax measures due to the coronavirus pandemic. The measures include: 1) a VAT rate reduction to 8 percent from 10 percent for specified goods and services; and 2) corporate tax deductions for support and sponsorship activities made due to the pandemic, effective through 2022. The resolution is effective Jan. 11, 2022, through Dec. 31, 2023. [Vietnam, Ministry of Finance, 01/11/22]
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