Resolution 204/2025/QH15 on value-added tax reduction

RESOLUTION

On reduction of value-added tax^[1]

THE NATIONAL ASSEMBLY

Pursuant to the Constitution of the Socialist Republic of Vietnam, which has a number of articles amended and supplemented under Resolution No. 203/2025/QH15;

Pursuant to Law No. 57/2014/QH13 on Organization of the National Assembly, which has a number of articles amended and supplemented under Law No. 65/2020/QH14 and Law No. 62/2025/QH15;

Pursuant to Law No. 48/2024/QH15 on Value-Added Tax;

Pursuant to Law No. 64/2025/QH15 on Promulgation of Legal Documents,

RESOLVES:

Article 1. Scope of application 

1. To reduce the value-added tax rate by 2% (to 8%) for the groups of goods and services specified in Clause 3, Article 9 of Law No. 48/2024/QH15 on Value-Added Tax, except the following groups of goods and services: telecommunications, financial activities, banking, securities, insurance, real estate business, metal products, mining products (except coal), and goods and services subject to excise tax (except gasoline).

2. The Government shall detail Clause 1 of this Article.

Article 2. Effect

This Resolution takes effect from July 1, 2025, through December 31, 2026.

  This Resolution was adopted on June 17, 2025, by the 15^th National Assembly of the Socialist Republic of Vietnam at its 9^th session.-

Chairman of the National Assembly
TRAN THANH MAN