- New VAT Law in Vietnam effective from July 1, 2025
- Replaces existing VAT Law No. 13/2008/QH12
- Widened taxpayer definition for foreign suppliers
- Time of determining VAT liability explicitly regulated
- Increased VAT exemption threshold
- Reclassified VAT rates for different items
- Specific rules for goods and services not subject to VAT
- Reduced VAT rate extended to 8% until end of June 2025
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.
