- Proposed amendments to the Value Added Tax Law will directly impact the rights and interests of organizations, individuals, citizens, and businesses.
- The National Assembly discussed the draft amendments to the Value Added Tax Law in a plenary session on June 24.
- There were 63 opinions expressed during the discussion, mostly in agreement with the need to amend the law to align with the Party’s principles and address current limitations.
- Delegates provided input on various aspects of the draft law, including the necessity of enacting and implementing the law, taxable objects, tax-exempt objects, tax rates, input VAT deduction, and tax refunds.
- The amendments aim to improve the tax policy in line with economic and social development goals and previous reform strategies.
- Specific changes related to tax-exempt objects were proposed to ensure consistency with other specialized laws.
- It is essential to review and amend provisions regarding tax-exempt objects to eliminate or add certain goods and services to align with practical needs.
- The amendments will have a direct impact on the rights and interests of organizations, individuals, citizens, and businesses.
Source: baochinhphu.vn
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"
- Determining Product Groups Eligible for VAT Reduction Under Decree 174/2025/NĐ-CP
- Summary of Recent Legislative Updates on Tax Administration and Various Tax Policies as of August 2025
- New VAT Guidelines for Entities in Vietnam Start on July 1, 2025
- Vietnam and MERCOSUR FTA Negotiations: Expanding Market Access in Latin America
- Vietnam’s New Tax Compliance Rules for E-Commerce and Digital Platforms Effective July 2025
