Fresh call to withdraw VND 1m VAT-exemption on B2C imports Vietnam is considering restricting its VND 1million (approx €36 or $40) low value consignment relief. This exempts from VAT parcels imported from Vietnam destined for consumers. Vietnam’s National Assembly Standing Committee has highlighted the urgency
Foreign sellers and intermediary digital platforms subject to new rules and rates July 2025 The Vietnamese National Assembly is considering clarifications on non-resident VAT-registered business obligations, VAT rates, and improved deductibility for VAT credits. The changes, likely to come into effect from 1 July 2025,
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
Further six month extension of cut to 8% on key sectors A 2% VAT rate cut on essentials first brought in by the Vietnamese Ministry of Finance in February 2022 has been given a new prolongation. This time from 30 June 2024 until 31 December
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
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
Quarterly user transaction reporting to help detect VAT fraud Vietnam has joined many countries around the world in requiring digital marketplaces / platforms to provide the tax authorities with detailed reporting on their sellers or users transactions. Marketplace operators must now provide the following levels
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
Proposals to cut indirect taxes on fuels as inflation ticks up Vietnam’s finance ministry has put forward two alternative measures to cut indirect taxes on fuel. These are: Cut VAT 20% and Special Consumption Tax by 50%; or Cut VAT and Special Consumption Tax by
Over 90% of companies complete 2nd phase of e-invoice roll out since 21 April 2022 The second phase of the national rollout of mandatory invoicing between April and July 2022 has resulted in 764,314 tax payers registering according to the General Department of Taxation. This
