Vietnam’s 2025 VAT Law expands refund eligibility to investment projects, exporters, and 5%‑rate businesses with at least VND 300 million in accumulated input VAT, while tightening documentation and audit requirements. Key changes include removal of refunds for ownership or structural changes, stricter rules for deferred payments, and new limits on import‑export refund eligibility.
A business must have at least VND 300 million (US$11,400) in accumulated input VAT after 12 months or four quarters to be eligible for a refund.
Refunds are no longer available for changes of ownership, enterprise type, merger, consolidation, separation, and de‑merger.
From July 1, 2025, the 0% VAT rate no longer requires a commercial presence for qualifying on‑spot import and export activities.
They must declare and adjust the creditable input VAT in the tax period when payment becomes due, as mandated by Official Letter No. 434/VLO‑QLDN2 dated August 21, 2025.
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VatCalc · 1 day ago
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