From July 1 to the end of June 30, 2014, VAT on selling, buying, renting, and leasing commercial apartments shall be reduced by 50% regarding the apartments of floor area below 70m2 and at below VND 15mln per m2. The new regulations are under Document No. 8336/BTC-CST dated June 28, 2013 of Ministry of Finance requiring local agencies to broadcast to enterprises.Besides, the Document affirms VAT 5% on contracts of selling, buying, renting, and leasing commercial apartments governed by Law on residential houses and apartments validated from July 01, 2013.Reported by Truc Huynh – Translated by Vi Bao