Vietnam Amends VAT Law: New Decree on Taxable Goods, Rates, and Refunds Effective July 1

• Decree No. 181/2025/ND-CP amends VAT Law provisions in Vietnam
• Specifies nontaxable goods and services such as certain agricultural goods and financial services
• Defines taxable prices for asset leasing, goods processing, construction, and installation
• Applies a zero percent rate to exports and a 5 percent rate to specified goods
• Allows businesses with sales revenue of 1 billion dong or more to use the deduction method with exceptions
• Provides a monthly or quarterly input VAT refund for businesses with unrefunded input VAT of 300 million dong or more with exceptions
• Offers a VAT refund for investment projects started before July 1
• Decree effective from July 1

Source: news.bloombergtax.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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