DRAFT RESOLUTION ON VAT REDUCTION UNTIL THE END OF 2026

According to the draft resolution on value-added tax (VAT) reduction, expected to be discussed at the 9th session (held in May and June 2025), the National Assembly will approve the resolution to apply a 2% VAT reduction from July 1, 2025, until December 31, 2026. This reduction applies to goods and services currently subject to a 10% VAT rate, lowering it to 8%, except for the following groups: telecommunications, financial activities, banking, securities, insurance, real estate business, metal products, mineral products (except coal), goods and services subject to special consumption tax (except gasoline).