Law on Value Added Tax
Conditions for applying 0% value-added tax rate to export goods and services from July 1
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From July 1, 2025, exported goods and services to apply a 0% VAT rate must meet the conditions on contracts and payment documents according to Decree 181/2025.
From July 1, 2025, gasoline will officially have a 2% reduction in value added tax
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Gasoline will be subject to a VAT rate of 8% instead of 10% from July 1, 2025 according to the Resolution just passed by the National Assembly.
Today, the Government submitted to the National Assembly on reducing value-added tax
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In today's working session, the National Assembly will listen to the presentation and report on the review of the draft Resolution of the National Assembly on reducing value-added tax.
07 new points of the Law on Value Added Tax to be applied from 1.7.2025
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From July 1, many important regulations on VAT will change according to the Law on Value Added Tax 2024, directly affecting businesses and consumers.
Value added tax reduction until June 30, 2025
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Reduce value added tax on groups of goods and services currently subject to a tax rate of 10% from January 1, 2025 to June 30, 2025.
Time to tax imported goods under 1 million VND
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The Ministry of Finance will submit to the competent authority to abolish the decision to exempt tax on goods under 1 million imported through e-commerce platforms.
Deputy Prime Minister: Feeling sad when discussing tax reduction
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Deputy Prime Minister Ho Duc Phoc said he felt sad when discussing tax reduction because the most important thing is how to make businesses richer and more enthusiastic when contributing to the budget.
Only businesses with revenue over 200 million/year must pay VAT
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According to the revised Law on Value Added Tax (VAT), business individuals with annual revenue of less than VND 200 million are not subject to VAT.
Officially impose 5% VAT on fertilizers
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On November 26, with the majority of National Assembly deputies present in agreement, the National Assembly passed the Law on Value Added Tax (amended).
Tax exemption threshold may be raised in the Draft VAT Law
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Currently, the threshold for not being subject to value-added tax (VAT) for small, micro and household businesses is being considered to be below 200 or 300 million VND/year.
