Government proposes 2% VAT reduction until bet88 end of 2026

bet88 Government has proposed to cut 2% of bet88 value-added tax (VAT) for goods and services currently taxed at 10% from July 1, 2025 to December 31,2026.

bet88 proposal was presented by Minister of Finance Nguyen Van Thang during bet88 ongoing National Assembly (NA) session.

bet88 VAT reduction will not apply to sectors including telecommunications, financial services, banking, insurance, securities, real estate, metal products, mining (excluding coal) and items subject to special consumption tax (except for gasoline), according to bet88 proposal.

Additionally, bet88 State has proposed adding gasoline, washing machines, and microwave ovens to bet88 list of goods eligible for bet88 VAT reduction.

bet88 Ministry of Finance has projected that bet88 reduction will lead to a decrease in state revenue by approximately VND121.74 trillion (.69 billion) over bet88 proposed period.