Sales Tax Rate in Vietnam is expected to reach 10.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Sales Tax Rate - VAT is projected to trend around 10.00 percent in 2021, according to our econometric models.
Vietnam Sales Tax Rate - VAT
In Vietnam, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the standard rate. Revenues from the Sales Tax Rate are an important source of income for the government of Vietnam.