Dang Thi Ngoc Nhan

Ngoc Nhan is an author who regularly shares useful knowledge about finance and accounting, helping business owners, CFOs, chief accountants and accountants easily update important information and keep up with new trends in the industry. With the desire to bring practical value to readers, she always focuses on presenting content in a simple, easy-to-understand way while still ensuring complete information and high accuracy. Her articles not only help finance and accounting professionals promptly grasp changes in policies and regulations, but also provide useful solutions, helping to optimize work and improve performance in the business.

New regulation on goods from 5 million VND must be transferred to be deductible tax

05/27/2025

Invoices over 5 million must be transferred? All new regulations on VAT deduction 2025

In the context of the Vietnamese tax law system being constantly improved and updated, the Law on Value Added Tax (VAT) 2024, expected to take effect from July 1, 2025, will bring many important changes in the management and deduction of input VAT. Notably, the Ministry of Finance has proposed a landmark adjustment to the conditions for input VAT deduction for purchased goods and services. Accordingly, invoices over VND 5 million must be transferred to be deductible - a regulation that will directly affect the payment methods of businesses.