Vietnam: Summary of recent direct and indirect tax developments, including clarification on eligible payroll costs for substance-based income exclusion calculation under QDMTT
Various VAT clarifications as well
The KPMG member in Vietnam prepared a June 2026 report covering recent tax developments in Vietnam, including:
- Clarification on eligible payroll costs for substance-based income exclusion (SBIE) calculation under qualified domestic minimum top-up tax (QDMTT)
- VAT treatment for transfer of verified emission reduction (VER) certificates
- Clarification on construction permit requirements for VAT refund on export services provided to export processing enterprises (EPEs)
- Decree No. 144/2026/NĐ-CP amending Decree 181/2025/ND-CP on VAT regulations
- Clarification on non-cash payment conditions for VAT refunds on export
- VAT treatment to EPE selling goods to domestic market
- Circular No. 21/2026/TT-BTC amending Circular 80/2021/TT-BTC on tax administration and tax declaration procedures
- Mandatory biometric authentication for e-invoice registration and changes
- Amendments to the individual (personal) income tax (PIT), VAT, corporate income tax (CIT), and special consumption tax (SCT) laws under Law No. 09/2026/QH16