- The Ministry of Finance in Vietnam has issued Circular No. 25/2024/TT-BTC, which abolishes Circular No. 83/2014/TT-BTC.
- Circular No. 83/2014/TT-BTC provided guidance on the application of VAT corresponding to Vietnam’s nomenclature of imports.
- The application of VAT rates and determination of goods not subject to VAT for imports will now follow the provisions in the Law on VAT and relevant government decrees and circulars. Circular No. 25/2024/TT-BTC will take effect on June 8, 2024.
Source: assets.kpmg.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.
Latest Posts in "Vietnam"
- Vietnam Expands E-Invoicing to Foreign E-Commerce and Digital Platform Operators
- VAT Policy for Wood Products: Tax Rates for Raw, Semi-Processed, and Processed Timber
- Key VAT and Invoice Guidelines from Official Letter No. 2193/CT-CS Dated April 8, 2026
- Are Overseas Logistics Costs Subject to Value-Added Tax When Recharged to Vietnamese Customers?
- How Export Businesses in Vietnam Can Claim and Recover VAT Refunds Efficiently
