- Government issued Decree 181/2025/ND-CP on July 1, 2025
- Ministry of Finance released Circular 69/2025/TT-BTC on the same day
- Updates to VAT law introduced
- New guidance effective immediately
- Addresses 0% VAT rate application
- Covers non-cash payment requirements
- Details conditions for VAT credit and refunds
- Decree 174/2025/ND-CP issued on the same day
- Extends 2% VAT reduction from July 1, 2025, to December 31, 2026
- Expands range of goods and services eligible for reduction
Source: 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.
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