The current 13% VAT charge will no longer be levied after 1 July this year. Instead, an 11% tax will apply to the sale or import of a number of goods, including agricultural products, drinking water, heating and liquefied petroleum gas (LPG). The change was announced in the Circular on Policies for Simplifying and Consolidating Value-Added Tax (VAT) Rates, jointly issued by the Ministry of Finance and the State Administration of Taxation. More