Vietnam Amends VAT Rules on Non-Taxable Goods, Input Credit, and Deferred Payments

• Decree No. 144/2026/ND-CP amends VAT rules under Decree No. 181/2025/ND-CP and takes effect on 20 June 2026.
• It clarifies VAT non-taxable items, including certain personal insurance, livestock/crop insurance, and exported natural resources/minerals listed in the decree.
• It changes how common input VAT is allocated when separate accounting is not kept, especially for banks, securities, and insurance businesses, and expands taxable revenue included in the allocation ratio.
• It updates non-cash payment proof rules for deferred purchases of goods worth VND 5 million or more: VAT may be credited before payment is due, must be adjusted if proof is missing at the due date, and can be re-credited once valid proof is obtained.

Source: vinabookkeeping.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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