Vietnam - vatcalc.com

Vietnam e-invoicing updates June 2025

21 April 2025 in

e-invoicing

Extension of e-invoicing to non-resident e-commerce and digital platform services Effective from June 1, 2025, Vietnam’s Decree 70/2025/ND-CP introduces comprehensive amendments to its e-invoicing regulations, significantly updating Decree 123/2020/ND-CP. These changes aim to streamline invoice management, enhance tax transparency, and expand the e-invoice system’s reach,

Vietnam may extends 2% VAT cut till into 2026

11 March 2025 in

COVID-19

Prime Minister calls for 8% rate (instead of 10%) to be extended from July 2025 into 2026 The Vietnamese Ministry of Finance is looking at a further prolongation of a 2% VAT cut to the standard rate from 10% to 8% for a number of

Vietnam VAT rate updates Jul 2025

25 December 2024 in

Vietnam

Law on Value Added Tax introduces changes to rate 1st July 2025 The revised VAT regulations in Vietnam introduce comprehensive updates to zero-rated supplies, reduced-rate supplies, and non-eligible supplies, aiming to streamline tax processes and support specific sectors. Zero-Rated Supplies The updated list includes goods

Vietnam VAT e-invoicing update

18 December 2024 in

e-invoice

Government issues decree to push last companies to adopt e-invoicing The Vietnamese Prime Minister, Phạm Minh Chính, has issued a directive to drive adoption of e-invoicing by the small proportion of businesses not yet compliant. The Directive (No 129/CD-TTg) addresses the issue that, although the

Vietnam VAT on non-resident e-commerce Apr 2025

1 December 2024 in

Vietnam

Foreign sellers and intermediary digital platforms subject to new rules and rates 1st April 2025 The Vietnamese National Assembly has approved clarifications on non-resident VAT-registered business obligations, VAT rates, and improved deductibility for VAT credits. The changes, to come into effect from 1 April 2025,

Vietnam launches tax AI chatbot

26 November 2024 in

General Department of Taxation launched a virtual VAT assistant The Vietnamese General Department of Taxation has introduced an AI-powered virtual tax assistant, with a focus to boost VAT e-commerce compliance Vietnam has already announced that it will be adopting Artificial Intelligence to help identify tax

Vietnam digital platform VAT deemed supplier

20 October 2024 in

deemed supplier

E-commerce platforms may have to collect VAT on behalf of their sellers The General Department of Taxation is considering imposing VAT collection obligations – deemed supplier – on online marketplaces. This would require them to act as the VAT reporter instead of their third-party sellers

Vietnam VAT proposals

27 January 2024 in

Vietnam

VAT registration threshold rise and other changes The Vietnamese Ministry of Finance has released for public consultation a range of VAT changes. Once reviewed, these will pass to the National Assembly for approval. The changes include: Rise in the VAT registration threshold to VND 150m

Vietnam consider new 2% VAT rate cut on basics

12 April 2023 in

Inflation

Ministry of Finance say considering repeat of 2022 rate cut from 10% to 8% on basics to boost flagging growth The Vietnamese Finance Ministry has indicating it will repeat into 2023 a VAT rate cut on basic supplies. The Vietnamese economy growth is slowing: Q1

Vietnam COVID-19 VAT returns to 10% on key supplies 2023

8 December 2022 in

COVID-19

2% temporary cut in VAT rate Feb to Dec 2022 expires Vietnam’s standard VAT rate on a range of supplies will return to 10%. Between 1 February and 31 December 2022, the rate has been cut to 8% to help stimulate the economy which is struggling

Tag: Vietnam