1. Adjustment of non-VAT taxable objects
Pursuant to Article 5 of the Law on Value Added Tax 2024 (effective from July 1, 2025), the provisions on subjects not subject to VAT in Article 5 are adjusted. Tax Law 2008 value added as follows:
+ Remove some subjects not subject to value added tax according to the provisions of the 2008 Law on VAT, including:
+ Fertilizers; specialized machinery and equipment for agricultural production; offshore fishing vessels;
+ Securities depository; market organization services of stock exchanges or securities trading centers; other securities business activities...
- Exported products are resources and minerals that have been mined and processed into other products that are not subject to VAT and must be applied according to the List prescribed by the Government .
- Imported goods supporting and sponsoring natural disaster, catastrophe, epidemic and war prevention according to Government regulations are not subject to VAT.
2. Adjusting VAT rates for some goods and services
In Clause 2, Article 9 of the 2024 Law on VAT, the VAT rate of non-taxable products will be adjusted to 5% taxable:
+ Fertilizer
+ Fishing vessels in the sea
+ Products subject to 5% tax rate change to 10%:
+ Unprocessed forest products
+ Sugar; by-products in sugar production, including molasses, bagasse, sludge
+ Specialized equipment and tools for teaching, research, and scientific experiments
+ Cultural activities, exhibitions, physical education and sports; art performances; film production; film import, distribution and screening
3. Additional tax refund cases
Pursuant to Article 15 of the 2024 Law on VAT, additional cases of VAT refund from July 1, 2025: Enterprises only produce and supply goods and services subject to 5% tax, if after 12 months (or 4 quarters) the input VAT amount that has not been fully deducted is from 300 million VND or more, they will be refunded.
4. Add subjects applying 0% tax rate
Pursuant to Clause 1, Article 9 of the 2024 Law on VAT, additional subjects subject to 0% tax rate are added, including:
+ International transportation
+ Construction and installation works abroad, in duty-free zones
+ Goods sold in quarantine areas to individuals (foreigners or Vietnamese) who have completed exit procedures; goods sold at duty-free shops.
+ Export services include: vehicle rental services used outside the territory of Vietnam; aviation and maritime services provided directly for international transport or through agents.
5. Additional regulations for promotional goods
Pursuant to Article 7 of the 2024 Law on VAT, it is supplemented with the following provisions: The taxable price for goods and services used for promotions according to the provisions of the law on commerce is determined as 0.
6. Changes in input VAT deduction conditions
According to Clause 2, Article 14 of the 2024 Law on VAT, all purchased goods and services must have non-cash payment documents, except for some special cases as prescribed by the Government.
Also according to Clause 2, Article 14, documents such as packing list, bill of lading, insurance documents (if any) are also added as a basis for input tax deduction for exported goods.
7. Change tax code to personal identification number
Pursuant to Clause 2, Article 38 of Circular 86/2024/TT-BTC, from July 1, 2025, taxpayers and tax authorities Tax authorities, relevant agencies, organizations and individuals will use personal identification numbers instead of tax codes.
8. Enterprises must register for electronic identification accounts.
Pursuant to Clause 4, Article 40 of Decree 69/2024/ND-CP, from July 1, 2025, accounts on the National Public Service Portal and the administrative procedure system at all levels will expire. Enterprises and organizations are only allowed to use electronic identification accounts issued by the Ministry of Public Security to perform electronic administrative procedures.
9. Amendment of tax calculation price for imported goods
Pursuant to Article 7 of the 2024 Law on VAT, the price for calculating VAT on imported goods includes: import tax price + import tax (including additional tax if any) + special consumption tax (if any) + environmental protection tax (if any).
10. Change in VAT rate
Decree 180/2024/ND-CP will expire on June 30, 2025. Therefore, groups of goods and services currently applying the reduced tax rate of 10% will return to the 10% rate according to the 2024 VAT Law.
In case after June 30, 2025, the competent authority issues a document regulating VAT reduction, the VAT reduction policy will continue to be applied from July 1, 2025.
Source: https://baoquangninh.vn/10-thay-doi-quan-trong-ve-chinh-sach-thue-tu-ngay-1-7-2025-3363164.html
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