- For deferred or installment purchases of goods and services worth VND 5 million or more, if non-cash payment proof is not available by the contractual due date, the business must reduce the deductible input VAT in the period when the payment obligation arises.
- The VAT reduction applies only to the portion of goods/services lacking non-cash payment documentation.
- If the business later obtains valid non-cash payment evidence, it may re-declare and claim the corresponding input VAT credit under the rules.
Source: taxathand.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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