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GBS - The Vietnamese Finance Ministry has proposed rising the VAT rate from 10% to 12%.

If approved, the new rate would apply from 1 January 2019. In addition, there would be a further potential rise to 14% in 2021 according to the proposal.

Final decision will be updated by GBS

GBS is one of the best business law firms in Vietnam with a network South East Asia, Middle East, Japan, HongKong, Malta and Poland.

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