Vietnam Proposes VAT Exemptions for Unprocessed Agricultural Products and Clarifies Declaration Requirements

• The Ministry of Finance is drafting amendments to Decree No. 181/2025/ND-CP to clarify VAT exemptions and calculation methods for agricultural, forestry, livestock, and aquaculture products.
• Unprocessed or minimally processed products sold by producers or at import stage are VAT-exempt; others are subject to 5% VAT.
• The draft specifies cases for VAT exemption, 5% VAT, and non-declaration/payment requirements.
• The Ministry proposes removing Clause 3, Article 37 to streamline VAT refunds and ensure sellers’ VAT declarations support buyer refunds.
• The Ministry of Agriculture and Rural Development will determine if products are unprocessed or basically processed when unclear.

Source: fiscal-requirements.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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