- For businesses paying VAT by the direct method, sales invoices must show the full pre-reduction amount and clearly state the reduced amount as required by Decree 174/2025/NĐ-CP.
- Even if the contract or annex already states a price after VAT reduction, the invoice still must follow the prescribed format and note the tax reduction.
- VAT taxable revenue should be declared based on the full value before reduction, not the reduced contract value.
- The Sơn La tax authority issued this guidance for taxpayers to follow.
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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