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deduction
Deduction related updates
New regulation when purchasing over 5 million must transfer money to get tax deduction
From July 1, 2025, Decree 181/2025/ND-CP requires non-cash payments for transactions of VND5 million or more to be deducted from input value-added tax (VAT), according to new regulations of the Government.
Market
From July 1, 2025, sales transactions under 20 million VND must have an invoice if they want to deduct tax.
From July 1, 2025, transactions for the purchase and sale of goods and services under VND 20 million will be required to be accompanied by non-cash payment documents if traders want to deduct input VAT.
Draft Decree on Value Added Tax: Inadequacies that need to be adjusted and amended
(Baonghean.vn) - Currently, the Ministry of Finance is drafting a Decree detailing and guiding the implementation of a number of articles of the Law on Value Added Tax (VAT), replacing a number of related Decrees that have also amended and supplemented regulations on VAT refunds for investment projects; amending wording to ensure transparency and consistency with regulations in the Law on Value Added Tax, Law on Tax Administration, Law on Export Tax, etc.
Are employee benefit payments tax deductible?
The General Department of Taxation - Ministry of Finance has just answered questions for businesses about deductible and non-deductible expenses when determining taxable income.
Amendment of regulations on deduction of special consumption tax
The amount of special consumption tax (SCT) deducted corresponds to the SCT amount of raw materials used to produce SCT-taxable goods sold.
Nearly 500 businesses participate in dialogue with Nghe An Tax Department
(Baonghean.vn) - On the morning of November 30, in Vinh city, Nghe An Tax Department held a dialogue conference to disseminate new tax policies to businesses. The conference was attended by nearly 500 businesses in the province.
Vietnam strengthens measures to collect tax on online sales
Not only online sales, tax authorities are building a legal corridor for virtual currency, cryptocurrency and sharing economic models such as Uber and Grab.
Personal income tax settlement deadline coming up?
DNUM_CAZADZCABI 17:28
Individuals are responsible for declaring tax settlement if they have additional or overpaid tax and request a tax refund. These are some cases where individuals must settle personal income tax, as announced by a representative of the General Department of Taxation on the afternoon of March 20.
From April, many types of train tickets are reduced by up to 50%
DNUM_AJZADZCABI 16:33
Passengers traveling on Thong Nhat SE3/4, SE7/8, SE21/22 passenger trains who purchase tickets 20 days or more in advance with a travel distance of 1,000 km will receive a 20-50% discount on ticket prices.
Ministry of Finance will refund special consumption tax to businesses selling E5 gasoline
DNUM_CCZACZCABI 11:11
The Ministry of Finance is drafting a report to the Government regarding the proposal to refund special consumption tax on mineral gasoline used to produce E5 bio-fuel, based on the proposal of the Vietnam Petroleum Association.
Nghe An: Tax collection and refund of over 145 billion VND
DNUM_AHZACZCABI 10:31
(Baonghean.vn) - A report from the Nghe An Tax Department said the total amount of tax collected, refunded and fined in 2017 was 145,490 million VND, an increase of 8% compared to 2016.
Invoices over 10 million VND paid via bank are eligible for VAT deduction
DNUM_CGZAIZCABH 20:25
For purchase invoices over 10 million VND, the Ministry of Finance is proposing to only allow VAT deduction as an expense if the business pays via bank.
Q&A Tax Policy - Law
DNUM_BFZAJZCABG 22:36
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