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Vietnam VAT Proposals: Rise in Threshold, Zero-Rated Exports, and Other Changes

  • Vietnamese Ministry of Finance has proposed a range of VAT changes
  • Changes include a rise in the VAT registration threshold to VND 150m
  • Duty free goods confirmed as zero-rated exports
  • Certain supplies will be brought within the 5% VAT rate band
  • Limitations on supplies entitled to zero-rating VAT
  • Threshold for cash payments will be reduced
  • Changes to rights to deductions and credits

Source: vatcalc.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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