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Vietnam’s National Assembly Passes Updated 2024 Value Added Tax Law

  • Vietnam’s National Assembly approved the 2024 Law on Value Added Tax on 26 November 2024
  • The new VAT law will replace the current one starting 1 July 2025
  • Key changes include an expanded scope of VAT taxpayers
  • Now includes organizations, households, and individuals producing and trading goods and services subject to VAT

Source: orbitax.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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