On 5 May 2026, the Government issued Decree No. 144/2026/ND-CP amending and supplementing several articles of Decree No. 181/2025/ND-CP dated 1 July 2025 regarding Value Added Tax (VAT)
Compared to Decree No. 181/2025/ND-CP, Decree No. 144/2026/ND-CP introduces several notable amendments and supplements, including the following:
(i) Supplementation and clarification of VAT non-taxable objects:
– Life insurance, health insurance, student insurance, and other types of insurance relating to individuals; livestock and crop insurance; etc..
– Exported products being natural resources and minerals extracted (whether unprocessed or processed) as prescribed under the List (Appendices I and II) issued together with the Decree;
(ii) Amendments to the allocation of common input VAT in cases where separate accounting is not maintained:
– For credit institutions, foreign bank branches, securities, and insurance businesses: total revenue for allocation purposes shall be determined in accordance with relevant specialized regulations;
– Taxable revenue used for determining the allocation ratio shall also include revenue from goods not required to be declared or subject to VAT payment (if any)
(iii) Amendments to regulations on non-cash payment supporting documents for deferred payment purchases of goods valued from VND 5 million or more:
– Input VAT may still be declared and credited where payment is not yet due under a written contract;
– If, upon the payment due date, non-cash payment supporting documents are unavailable, the previously credited input VAT must be adjusted and reduced in the tax period when the payment obligation arises;
– Following such adjustment, if valid non-cash payment supporting documents are subsequently obtained, the input VAT may be re-declared and credited in the tax period when such documents are available;
Decree No. 144/2026/ND-CP shall take effect from 20 June 2026.
For detailed information, please refer to the link.
