- Vietnam published Decree No. 181/2025/ND-CP amending VAT regulations
- Effective from July 1
- Clarifies nontaxable goods and services including agricultural products, land use rights transfers, and certain financial services
- Specifies taxable price definitions for asset leasing, goods processing, and construction activities
- Zero percent VAT rate for exported goods and services
- Five percent VAT rate for specified goods
- Businesses with annual sales of 1 billion dong or more may use the deduction method with exceptions
- Monthly or quarterly input VAT refunds for businesses with unrefunded input VAT of 300 million dong or more
- Investment projects initiated before July 1 eligible for VAT refunds
- Aims to streamline VAT administration and clarify refund eligibility
Source: globalvatcompliance.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.
