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tax deduction
Tax deduction related news 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.
Personal income tax settlement deadline coming up?
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.
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