- The scope of VAT taxpayers now includes foreign suppliers without a permanent establishment in Vietnam, organizations managing foreign digital platforms, and organizations managing e-commerce exchanges with payment functions.
- The annual revenue threshold for VAT exemption for household and individual businesses increases from VND 100 million to VND 200 million from January 1, 2026.
- Some goods and services, such as securities depository and public Internet services, are no longer VAT-exempt; the scope of VAT-exempt public transportation now includes inland waterway vehicles.
- The list of machinery and equipment eligible for VAT exemption is now to be issued by the Ministry of Finance, but this list is not yet available, causing uncertainty.
- The previous VAT exemption for exported products made from natural resources or minerals based on cost ratio is abolished; new lists of VAT-exempt exported products are introduced.
Source: dentonsluatviet.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.
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