REDUCED VAT TO 8% FROM JULY 1ST, 2023

Types of goods and services that are eligible for VAT reduction and non-reduction to 8% from July 1st , 2023 based on legal regulations Business establishments that pay VAT using the credit-invoice method shall pay 8% VAT for the following goods and services: (1) Telecommunication, financial activities, banking activities, securities, insurance, trading of real estate,…

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