Friday, August 17 2018


50 per cent VAT reduction proposed

Update: March, 16/2013 - 10:02
HA NOI (VNS)— The Ministry of Construction proposed to the Finance Ministry that it halve the value added tax levied on social housing to help lower social housing prices and warm up the real estate market.

Additionally, the tax imposed on apartments below 70 square metres should be cut by 30 per cent and the corporate income tax should be lowered by 10 per cent, the ministry suggested.-VNS

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