Pursuant to Clause 27, Article 5 of the Law on Value Added Tax 2024, the following is stipulated: Article 5. Goods and services not subject to VAT: 27. Business establishments trading in goods and services that are not subject to value added tax as prescribed in this Article are not entitled to deduct or receive […]
As Vietnam continues to streamline its tax policies to align with international standards and digital transformation goals, significant changes to the Law on Value-Added Tax (VAT) will officially take effect from July 1, 2025. These amendments are expected to have wide-reaching implications for both local businesses and foreign investors operating in the country. From changes […]