Vietnam Gazettes Decree Amending VAT Law Provisions

The Vietnamese Official Gazette July 16 published Decree No. 181/2025/ND-CP, amending VAT Law provisions. The decree includes measures: 1) specifying nontaxable goods and services, including specified agricultural goods, transfers of land use rights, and certain financial, banking, and securities services; 2) specifying taxable prices for asset leasing, goods processing, construction, and installation; 3) applying a zero percent rate to exports, and a 5 percent rate to specified goods; 4) allowing businesses with sales revenue of 1 billion Vietnamese dong (US$38,032) or more to use the deduction method, with exceptions; 5) providing businesses with a monthly or quarterly input VAT refund ...