- Vietnamese Government issued Decree 181/2025/NĐ-CP on 1 July 2025
- New requirement for input VAT deduction eligibility
- Businesses must retain non-cash payment evidence for purchases of at least VND 5 million including VAT
- Applies to domestic and imported goods and services for business purposes
- Qualifying payment methods include offsetting payments, third-party authorisation, deferred or instalment payments
- Employee payments on behalf of business are deductible if reimbursed non-cash
- Transactions of VND 5 million or more require non-cash payment documentation for VAT deduction
- Exception for imported gifts and samples under VND 5 million, no non-cash payment needed
Source: fintua.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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