The Vietnamese Ministry of Finance is proposing amendments to the VAT Law, including increasing the revenue threshold for VAT-exempt sales, applying a 5% VAT rate on specific goods, proposing specific categories of goods not subject to zero percent VAT, amending regulations on input VAT deductions and refunds, narrowing specific categories exempt from VAT, specifying export services eligible for zero percent VAT, introducing rules for determining VAT, and repealing provisions regulating invoices and documents.
Source GlobalVATcompliance
Latest Posts in "Vietnam"
- VAT Threshold for Household and Individual Businesses Raised to 500 Million VND from 2026
- VAT Refunds No Longer Dependent on Seller’s VAT Declaration and Payment for Input Invoices
- Strengthening Electronic Invoice Management in Vietnam: Enforcement, Technology, and Compliance to Prevent Fraud
- Vietnam Amends VAT Law: Higher Exemption Thresholds, Refund Reforms, and Major Benefits for Agriculture
- New Regulations on VAT-Exempt Entities under Decree 359/2025/NĐ-CP
