• The Government cut, extended, or waived taxes, fees and land costs worth about VND89.8 trillion ($3.58 billion) in the first eight months of the year, according to the Ministry of Finance (MoF).
• The ministry said tax and customs agencies continued to implement the policies as part of Government measures to support people and businesses.
• The MoF had proposed the Government to issue policies on a range of tax and fee reduction and extension in 2024, totaling nearly VND200 trillion ($7.98 billion). These include extensions and reduction of value-added tax (VAT), corporate income tax, personal income tax, excise tax, and land rental fee.
• Since the beginning of the year,  the reduction of environmental protection tax on fuel has been applied under a resolution adopted by the National Assembly.
• In the latest move, the Government decided to cut registration fees for domestically manufactured and assembled cars by 50% for three months, from September 1, 2024 to November 30.

Source: VN Economy