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Value-added tax to be cut to 8 pct from February

Value-added tax to be cut to 8 pct from February

A draft government decree reduces value-added tax on many products and services from the current 10 percent to 8 percent from Feb. 1. The decree on tax reduction to foster economic recovery approved by the National Assembly will also make expenses on pandemic prevention deductible. The VAT cut will lead …

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