Buying goods under 20 million VND will not be subject to tax deduction if paid in cash from July 1

PHƯƠNG LY |

From July 1, 2025, the Law on Value Added Tax 2024 officially took effect, stipulating that purchases under 20 million VND will not be deducted if paid in cash.

PHƯƠNG LY
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Mã số thuế sẽ có thay đổi lớn kể từ ngày 1.7.2025

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From July 1, 2025, no transfers, no VAT deductions

Thuận Hiền |

From July 1, 2025, VAT deductions will only be accepted if payment is not made in cash, no longer with an exemption threshold of less than 20 million VND as before.