The 2024 Amended Law on Value-Added Tax (VAT) will officially take effect on July 1, 2025, bringing several important changes:
Reduced cash payment threshold eligible for tax deduction — from VND 20 million down to VND 5 million;
New tax management rules for e-commerce platforms with payment functions;
Increased revenue threshold for tax exemption for business households and individuals — from VND 100 million to VND 200 million per year;
Revised regulations on tax refund procedures, tax calculation timing, and taxable values across various sectors such as import–export, real estate, insurance, electricity–water, and oil & gas.
These changes not only have a direct impact on enterprises but also require greater transparency in cash flow management and enhanced tax compliance governance.
See the detailed analysis in the attached PDF file below.
