From July 1, 2025, the Government 's Decree detailing the implementation of a number of articles of the Law on Value Added Tax officially took effect. active, to be eligible for input value added tax (VAT) deduction, businesses must have value added invoices and non-cash payment documents for purchased goods and services worth from VND 5 million including VAT.
Designed specifically for businesses, VIB Business Card is not only a simple tool to ensure tax compliance, but also a powerful assistant to help businesses optimize costs, transparently manage finances and maximize benefits.
Amended VAT Law: Challenges and opportunities for SMEs
Under the new regulations, the abolition of the VND20 million threshold for cash expenses that are deductible for VAT means that all business expenses of VND5 million or more, from small expenses such as stationery, hospitality, to larger expenses such as payments to suppliers, advertising, etc., must be made through non-cash payment channels. This requires SMEs to quickly change their payment practices and build a more transparent and effective expense management process.
Delays or non-compliance will lead to the risk of not being able to deduct input VAT, directly affecting the business's profits. However, this is also an opportunity for SMEs to professionalize their operations, optimize financial management and catch up with the world's modern payment trends.
VIB Business Card: "One-touch" solution for all business spending needs
VIB Business Card credit card with superior features, "tailored" for the specific needs of SME enterprises. This is not only a modern means of payment but also a smart financial management tool.
The card businesses help meet the regulations on cashless payments because all transactions via VIB Business Card are recorded and detailed, becoming valid documents for businesses to deduct VAT. Businesses will no longer have to worry about keeping retail invoices or complicated payment documents.
VIB Business Card allows business owners to easily track and manage all company expenses in real time through the VIB Business or VIB Corp digital banking application. Businesses can set spending limits for each employee and each department, helping to effectively control the budget, limit the risk of loss and fraud. At the same time, with a credit limit of up to 1 billion VND, the longest interest-free period on the market of up to 58 days, the card also helps businesses make the most of working capital to serve production and business activities. Instead of having to pay immediately, businesses can take advantage of interest-free capital for up to nearly 2 months and optimize financial efficiency.
One of the outstanding benefits of VIB Business Card is the attractive and unlimited cashback policy for all spending transactions. Depending on the needs, businesses can choose a cashback incentive category of up to 1% for popular spending areas such as advertising, dining, travel... and change flexibly at any time via VIB Business or VIB Corp application. Turn all mandatory expenses into a source of passive income, helping to offset business expenses, no expenses.
Voices from Business: A Compelling Real-World Experience
An economic expert commented that, with many years of experience in the industry, it can be seen that policy changes are always a test for the adaptability of businesses. Choosing a suitable financial tool not only helps businesses overcome challenges but can also turn them into competitive advantages.
Mr. Tran Manh Hung, Director of a business specializing in providing office equipment, said: "When we heard about the change in the VAT Law, we were quite worried because the company has many small transactions with suppliers. Since switching to using VIB Business Card for operating expenses, everything has become much easier. Accountants no longer have to struggle to collect individual invoices, all transactions are clearly stated, ensuring compliance with tax regulations while saving time. The nearly 2-month interest-free period also helps us be much more flexible in capital turnover."
Meanwhile, Ms. Nguyen Thu Trang, founder of a startup in the field of Digital Marketing, highly appreciated the card's management and refund features: "My company spends a lot on online advertising on social networking platforms. VIB Business Card not only helps with convenient payment but also allows me to set individual limits for employee cards, controlling the budget very transparently. In particular, the unlimited refund from these advertising costs is really a great economic benefit, helping us reinvest more effectively."
VIB Business Card is not only a temporary solution to meet the revised Law on VAT. Moreover, this is a financial solution to help SMEs improve their management capacity, optimize costs and financial transparency. In the context of a rapidly developing digital economy, the transition to cashless payments is an inevitable trend. With VIB Business Card, SMEs in Vietnam can confidently enter a new, more professional and sustainable development phase. Refer to detailed information about VIB Business Card here .
Source: https://baolamdong.vn/vib-business-card-loi-giai-cho-bai-toan-khau-tru-vat-dau-vao-cua-ho-lanh-doanh-va-sme-381603.html
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