- The Law on VAT 2024 in Vietnam takes effect on July 1, 2025, with changes to VAT refund criteria.
- VAT rate reduced from 10% to 8% for certain goods and services until December 31, 2026.
- New regulations clarify tax rates, non-cash payment requirements, and abolish refunds for certain business changes.
- VAT refunds are available for exports, investments, and specific cases like dissolution or humanitarian aid.
- Enterprises exporting imported goods are not eligible for VAT refunds.
Source: vietanlaw.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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