- The Ministry of Finance is seeking feedback on a draft circular detailing certain provisions of the Value Added Tax Law.
- The draft proposes regulations on documents and procedures to identify entities not subject to VAT.
- It includes procedures for applying a 0% VAT rate and specifies goods and services subject to VAT calculation.
- Taxpayers must self-identify non-VAT entities based on specified goods and services.
- Additional documentation may be required by state management agencies.
- Specific requirements are outlined for livestock products, imported publications, and goods for humanitarian aid.
- Procedures for applying a 0% VAT rate are also detailed in the draft.
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"
- Vietnam’s 2025 VAT Refund Eligibility: Key Criteria and New Regulations Explained
- Vietnam Announces Temporary VAT Reduction to 8% for Key Sectors Until December 2024
- Guidelines for Handling VAT After Provincial Merger in Vietnam (2022-2025)
- 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
