Non-Cash Payment Documents (as stipulated in Decree No. 52/2024/NĐ-CP) include:
Cheque
Payment order
Payment authorization
Collection order
Collection authorization
Via bank:
Debit card
Credit card
Prepaid card
E-wallet
Other instruments as regulated by the State Bank of Vietnam.
In addition, according to the latest update under Article 26 of Decree No. 181/2025/NĐ-CP, effective from July 1, 2025, special cases of non-cash payments are stipulated as follows:
| No. | Case | Required Supporting Documents |
|---|---|---|
| a | In case goods/services are purchased through an offset between the value of purchases and the value of goods/services sold or goods borrowed/lent, and this method is clearly specified in the contract | A reconciliation and confirmation record between the two parties confirming the offset must be prepared. If offsetting through a third party, a three-party debt offset record is required as a basis for VAT deduction. |
| b | In case of debt offsetting such as loans/borrowings or through a third party, and the method is clearly specified in the contract | A loan/borrowing agreement in written form established beforehand, and Proof of fund transfer from the lender’s account to the borrower’s account for cash transactions, including cases where the seller supports the buyer with money or pays on their behalf. |
| c | In case of authorized non-cash payment through a third party (including when the seller requires the buyer to pay a designated third party) | The authorization or designation must be specified in a written contract, and The third party must be an entity or individual legally operating under Vietnamese law. |
| d | In case of payment using stocks or bonds, and this method is specified in the contract | A written sales agreement established beforehand is required. |
| đ | If after applying the above methods (a, b, c, d), the remaining amount is paid in cash with a value of 5 million VND or more | VAT deduction is only allowed if there is a valid non-cash payment document for the remaining value. |
| e | In case non-cash payment is made to a third-party account at the State Treasury to enforce collection of money/assets held by others (under a decision from a competent state agency) | Input VAT is deductible based on the amount transferred into the third party’s account at the State Treasury. |
| g | For installment or deferred payments of goods/services valued from 5 million VND or more | Rely on written contract, VAT invoice, and non-cash payment documents to deduct input VAT. If the payment is not yet due under the contract/appendix, VAT deduction is still allowed. If the due date has passed and no non-cash payment document is available, the deductible VAT must be declared and reduced accordingly in the period where the payment obligation arises. |
| h | Cases where non-cash payment documents are not required | – Import value per shipment under 5 million VND – Domestic purchases per invoice under 5 million VND (VAT included) – Imported goods are gifts/samples with no payment required from foreign entities or individuals |
| i | Goods/services purchased for taxable business activities, where non-cash payment is made by an authorized employee | If payment is made by an employee under internal/financial policy, and the business reimburses via non-cash methods → input VAT is deductible. |
| 3 | Multiple purchases in one day from the same taxpayer | If individual purchases are below 5 million VND but the total per day is 5 million VND or more, VAT deduction is only allowed when a non-cash payment document is available. |
Removing from the non-taxable group; must declare and calculate tax as follows:
➡️ Subject to 5% VAT rate:
➡️ Subject to 10% VAT rate:
🔹 Clearly defines exported goods/services as those directly supplied to:
🔹 Adds other exportable goods/services: digital content products provided to foreign parties with documents proving overseas consumption in accordance with Government regulations.
🔹 Adds exceptions to 0% VAT application:
Adds a new case eligible for VAT refund:
🔸 Businesses solely producing goods/services subject to 5% VAT, with an uncredited tax amount of VND 300 million or more over 12 months/4 consecutive quarters. If goods/services are subject to multiple VAT rates, refunds are allocated proportionally.
Stricter conditions for tax refunds:
The National Assembly passed Resolution No. 204/2025/QH15 to continue the VAT reduction from July 1, 2025, to December 31, 2025.
Reduces VAT by 2% (from 10% to 8%) for goods and services specified in Clause 3, Article 9 of VAT Law No. 48/2024/QH15, except for:
This VAT cut is extended to additional sectors such as transportation, logistics, and IT services — key industries in the development of the digital economy.
From June 1, 2025, enterprises must stop using the previous format of e-withholding certificates and switch to the new format (Form 03/TNCN) under Decree No. 70/2025/NĐ-CP.
If the e-certificate is issued incorrectly, the withholding organization must handle it similar to correcting e-invoices. Notify incorrect certificates using Form 04/SS-CTĐT, Appendix IA, issued with Decree 70/2025/NĐ-CP.
According to the 2020 Enterprise Law, business managers include:
From July 1, 2025, business managers not under a labor contract and not receiving salaries are subject to mandatory social insurance contributions.
Social Insurance (SI) and Health Insurance (HI) rates: total 29.5%
Type | Contribution Rate | Notes |
|---|---|---|
Social Insurance | 25% | – 3% for sickness and maternity fund |
Health Insurance | 4.5% | |
Total | 29.5% |
According to Resolution No. 76/2025/UBTVQH15 of the National Assembly Standing Committee, a new list of wards and communes takes effect on July 1, 2025.
From this date, tax authorities will update taxpayers’ addresses according to the new administrative areas.
Taxpayers should:
From July 1, 2025, the personal identification number (on the citizen ID) will officially replace the tax code in most interactions with the tax authority.
This applies to both individuals and household businesses (using the representative’s personal ID number).
Note: For invoices issued to individuals or household businesses, the tax code field should be filled with the citizen ID number.
All organizations are required to have an electronic identification account issued by the Ministry of Public Security per Decree No. 69/2024/NĐ-CP, before July 1, 2025.
Purpose of the e-ID account:
Submission methods:
Organizations must complete registration before July 1, 2025, to avoid disruptions in public service usage.
From July 1, 2025, per Decree 117/2025/NĐ-CP, e-commerce platforms with payment functions must withhold and pay taxes on behalf of sellers who are household or individual businesses.
Value Added Tax (VAT):
Personal Income Tax (PIT):
For resident individuals:
For non-resident individuals:
Sellers must provide complete and accurate information to the platform to facilitate tax withholding and payment:
For sellers using digital platforms or e-commerce platforms without payment functions, the household or individual business is responsible for declaring and paying taxes as per Decree 117/2025/NĐ-CP.
Need expert tax advice on these new regulations?
Contact TPM Tax Agency via our website or hotline (+84) 28 3505 1800 for dedicated and prompt consultation.
Vân Lê
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