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Vietnam: Draft legislation on VAT

Scheduled to be proposed to the National Assembly in May 2024

January 24, 2024

The Ministry of Finance has released the draft value added tax (VAT) amendment law and seeks public views and comments.

Notable changes concern:

  • Goods and services not subject to VAT
  • VAT rates
  • Input VAT credit
  • Cases eligible for VAT refund

The draft VAT amendment law is scheduled to be proposed to the National Assembly in May 2024 and scheduled to be approved in October 2024.

Read a January 2024 report [PDF 203 KB] prepared by the KPMG member firm in Vietnam

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