- A draft amended Law on Value Added Tax (VAT) further clarifies (1) which taxpayers are liable for VAT arising from e-commerce or digital platform-based business carried out by foreign suppliers without a permanent establishment in Vietnam and (2) the VAT increments imposed on revenue of these foreign suppliers.
- Under the amended law, tax payment documents by the foreign suppliers may be considered valid for input VAT deductibility.
- The draft VAT Law is expected to be promulgated in late 2024 and effective from 1 July 2025.
Source EY
