Cut VAT by half for lower prices, HCMC proposes

11/06/2021 19:45 9

Cut VAT by half for lower prices, HCMC proposes


HCMC’s Department of Planning and Investment has proposed the government reduces value added tax from 10 percent to 5 percent in 2021 to help businesses lower the price of goods. -

Department director Le Thi Huynh Mai made the proposal as part of increasing the government’s financial support for enterprises.

The city had recorded 590 Covid-19 cases as of Friday morning since fourth Covid-19 wave began on April 27.

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