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Vietnam VAT proposals

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 from VND 100m
  • Duty free goods confirmed as zero-rated exports
  • Bring the following supplies within the 5% VAT rate band: certain machinery; agricultural equipment, fertilizer
  • Limit supplies entitled to the zero-rating VAT
  • Reduce the threshold for cash payments to VND 5m from VND 10m
  • Changes to rights to deductions and credits


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