- From 1 January 2026, sales of planted forest timber products that have only undergone simple preliminary processing are not subject to VAT declaration or payment when sold between enterprises, cooperatives, or cooperative unions in the commercial stage.
- This applies to entities using the VAT credit method.
- The rule also covers cases where the goods are further processed, but the final products remain classified as timber products with only simple preliminary processing.
- “Simple preliminary processing” is determined under Decree No. 181/2025/ND-CP and Circular No. 84/2025/TT-BNNMT.
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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