- Vietnam passed a new VAT law on 26 November 2024
- The new VAT law will be effective from 1 July 2025
- It replaces the previous VAT law from 2008 and its amendments
- Changes in the new VAT law include expanded taxpayer definition and input VAT credit
- Other changes cover taxable prices, VAT exemptions, and VAT exemption thresholds
- Adjustments also made to VAT rates and VAT refunds
Source: dfdl.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.
