- Agricultural products purchased directly from farmers that are unprocessed or only simply processed are not subject to VAT.
- This is in accordance with Circular 40/2021/TT-BTC, Decree 181/2025/NĐ-CP, and Article 5 of the VAT Law No. 48/2024/QH15.
- Households or businesses distributing such products can determine these items as VAT-exempt if they meet the criteria.
- The Ministry of Finance advises reviewing the relevant legal provisions to ensure compliance.
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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