- The amended Law on Value-Added Tax 2025 takes effect January 1, 2026.
- Unprocessed or ordinarily preliminarily processed agricultural, forestry, livestock, aquaculture, and capture fisheries products are exempt from VAT at sale and importation stages.
- Enterprises, cooperatives, and cooperative unions reselling these unprocessed products are not required to declare or pay VAT but can credit input VAT.
- Goods and services from small business households (annual revenue ≤ VND 500 million), non-business asset sales, national reserve goods, and certain fees/charges are exempt from VAT.
- By-products, secondary products, and waste from production are taxed at the applicable rate for those items.
Source: ainvest.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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