- From July 1, 2025, after the merger of Bà Rịa-Vũng Tàu with Ho Chi Minh City, companies like Mrs. Đỗ Kim Phượng’s will no longer need to allocate 1% VAT on revenue for construction activities in the former Bà Rịa-Vũng Tàu area. The VAT already paid to the Phú Mỹ State Treasury from January 1, 2022, to June 30, 2025, can be offset against the VAT payable at the company’s headquarters. The company must follow the tax declaration and payment procedures as per the new administrative arrangements and relevant tax regulations.
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 Refund Processing Efficiency Enhanced
- VAT Refund for Foreigners in Vietnam Under Circular 84/2026/TT-BTC
- VAT Rate for Digital Content Services Provided to Foreign Clients
- Vietnam Cuts VAT and Environmental Tax on Fuel Products Through Year-End
- Vietnam’s E-Commerce Law and Decree 248: Key Compliance Updates
