- Vietnam has amended its VAT and SCT laws and introduced a new Circular for electronic transactions to standardize rules, improve transparency, and align tax policy with economic and public-health goals.
- The reforms consolidate VAT rules, modernize administration, and require electronic customs interactions, including the use of AI to streamline processes.
- VAT exemptions have been expanded for certain goods, while some previously zero-rated items now face higher VAT rates.
- New rules require separate VAT accounting for multi-rate activities, with the highest rate applied if differentiation is not possible.
- VAT is now applied to low-value express shipments, generating significant new revenue and targeting e-commerce compliance issues.
Source: vatcalc.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.
Latest Posts in "Vietnam"
- VAT Threshold for Household and Individual Businesses Raised to 500 Million VND from 2026
- VAT Refunds No Longer Dependent on Seller’s VAT Declaration and Payment for Input Invoices
- Strengthening Electronic Invoice Management in Vietnam: Enforcement, Technology, and Compliance to Prevent Fraud
- Vietnam Amends VAT Law: Higher Exemption Thresholds, Refund Reforms, and Major Benefits for Agriculture
- New Regulations on VAT-Exempt Entities under Decree 359/2025/NĐ-CP
