- 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"
- 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
