Is Late Payment Still Eligible for Input VAT Deduction? Maximum Allowable Delay Period?

If a business makes a late payment but still has valid non-cash payment documents after the contract deadline, it can reclaim input VAT deduction once those documents are available. There is no specific maximum number of days after the payment deadline set by law; the deduction is allowed as soon as valid documents are provided. If input VAT cannot be deducted, it can be included as a deductible expense for corporate income tax or added to the asset value, except for certain cases.

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.

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