Official Implementation of a 5% Tax on Fertilizers<\/figcaption><\/figure>\n– Products from crops<\/strong>and planted forests (excluding wood and bamboo shoots); livestock, aquaculture, and wild-caught seafood that have not been processed into other products or have only undergone simple preliminary processing, except for products specified in Clause 1, Article 5 of this Law; Natural rubber in the forms of latex, sheet rubber, crepe rubber, or crumb rubber; Fishing nets, twine, and yarn used for making fishing nets; Products made from jute, sedge, bamboo, rattan, leaves, straw, coconut shell, coconut husk, water hyacinth, and other handicraft items made from recycled agricultural materials; Carded or combed cotton fibers; newsprint paper; Fishing vessels operating in offshore waters; Specialized machinery and equipment used for agricultural production as regulated by the Government.<\/p>\nMedical equipment<\/strong> Medical equipment as regulated by the law on medical device management; Medicines for disease prevention and treatment; pharmaceutical chemicals and medicinal materials used as ingredients for producing medicines; Teaching and learning equipment, including models, drawings, boards, chalk, rulers, and compasses; Traditional and folk performing arts activities; Children\u2019s toys; All kinds of books, except those specified in Clause 15, Article 5 of this Law; Scientific and technological services as regulated by the Law on Science and Technology; Sale, lease, and lease-purchase of social housing in accordance with the Law on Housing.<\/p>\nThe law stipulates prohibited acts related to tax deduction and refund, including: Buying, giving, selling, advertising, or brokering the purchase and sale of invoices; Creating false transactions for the purchase or sale of goods and services, or transactions that violate legal regulations; Issuing invoices for goods and services during a temporary suspension of business operations, except for invoices issued to customers for contracts signed before the suspension notice; Using illegal invoices or documents, or improperly using invoices and documents as regulated by the Government; Failing to transmit electronic invoice data to tax authorities as required; Tampering with, misusing, unauthorizedly accessing, or destroying the information systems related to invoices and documents; Offering, receiving, or brokering bribes, or engaging in any other illegal acts involving invoices or documents to obtain tax deductions, refunds, misappropriation of tax money, or VAT evasion. <\/p>\n
This law shall take effect from July 1, 2025, except as provided in Clause 2 of this Article.
According to Clause 2, the provisions on revenue thresholds for households and individuals engaged in business activities that fall under non-taxable subjects as specified in Clause 25, Article 5 of this Law and Clause 3 of this Article shall take effect from January 1, 2026. <\/p>\n
Source: According to Vietnam Law Newspaper (B\u00e1o Ph\u00e1p lu\u1eadt Vi\u1ec7t Nam). <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"On the afternoon of November 26, the National Assembly officially passed the amended Value Added Tax (VAT) Law, with 407 out of 451 delegates voting in favor, accounting for 84.97% of the total delegates. The amended Value Added Tax (VAT) Law approved by the National Assembly consists of 4 chapters and 17 articles. The law … Read more<\/a><\/p>\n","protected":false},"author":14,"featured_media":13722,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87],"tags":[503],"acf":[],"_links":{"self":[{"href":"https:\/\/vietnga.vn\/en\/wp-json\/wp\/v2\/posts\/17238"}],"collection":[{"href":"https:\/\/vietnga.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vietnga.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vietnga.vn\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/vietnga.vn\/en\/wp-json\/wp\/v2\/comments?post=17238"}],"version-history":[{"count":0,"href":"https:\/\/vietnga.vn\/en\/wp-json\/wp\/v2\/posts\/17238\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vietnga.vn\/en\/wp-json\/wp\/v2\/media\/13722"}],"wp:attachment":[{"href":"https:\/\/vietnga.vn\/en\/wp-json\/wp\/v2\/media?parent=17238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vietnga.vn\/en\/wp-json\/wp\/v2\/categories?post=17238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vietnga.vn\/en\/wp-json\/wp\/v2\/tags?post=17238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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