- From June 2026, Decree 144/2026/ND-CP adds several insurance services to the list not subject to VAT, including life, health, student, livestock, crop, fishing-related, reinsurance, and certain oil and gas insurance services.
- Insurance brokerage fee revenue is also exempt from VAT.
- The decree also clarifies VAT treatment for exported goods made from extracted resources/minerals that are unprocessed or processed under export restrictions.
- For installment/deferred purchases of 5 million VND or more, businesses can still deduct input VAT even if non-cash payment documents are not yet available because the payment deadline has not arrived.
- If payment is due and no non-cash proof exists, the business must adjust VAT deductions downward, but can deduct later once non-cash payment documents are obtained.
Source: news.laodong.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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