The Government approves for five groups of policies to be amended in the Law on VAT
On 29 July 2023, the Government issued Resolution 115/NQ-CP on the thematic meeting session on law-making in July 2023. At this meeting, the Government focused on discussing the proposal to develop and amend a series of tax policies, in which the Government agreed on completing regulations for 5 groups of policies below for amending the VAT Law:
- Objects not subject to VAT
- Prices for calculating VAT
- VAT rates
- Input VAT deductions
- VAT refunds
Source vietnam.accline.com
Latest Posts in "Vietnam"
- Key Changes in Amended VAT Law Effective 2026: Thresholds, Tax Methods, and Refund Conditions
- 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
