Many new regulations on value-added tax.

VTV.vn - The government has just issued Decree 144, amending many important regulations on value-added tax, notably expanding the group of subjects exempt from this tax.

Amendments and additions to certain regulations on Value Added Tax.

Adding items exempt from value-added tax.

Specifically, Decree No. 144/2026/ND-CP adds Clause 3a after Clause 3, Article 4 of Decree No. 181/2025/ND-CP, which stipulates the subjects not subject to value-added tax: “3a. Life insurance, health insurance, student insurance, and other insurance services related to people; livestock insurance, crop insurance, and other agricultural insurance services; insurance for ships, boats, equipment, and other necessary tools directly serving fishing; reinsurance as prescribed by the law on insurance business; insurance for oil and gas facilities and equipment, and oil tankers of foreign nationality leased by foreign oil and gas contractors or subcontractors to operate in Vietnam's waters, overlapping waters where Vietnam and neighboring or opposite coastal countries have agreed to place them under a joint exploitation regime.”

Regarding financial services, banking, securities trading, and commerce that are exempt from value-added tax, Decree No. 144/2026/ND-CP amends and supplements point d, clause 4, Article 4 of Decree No. 181/2025/ND-CP as follows: “d) Sale of debt including sale of payables and receivables, sale of certificates of deposit.”

Decree No. 144/2026/ND-CP also amends and supplements Clause 14, Article 4, regarding subjects not subject to value-added tax as follows:

“14. Export products are resources and minerals extracted but not yet processed into other products, and export products are resources and minerals extracted and processed into other products, in accordance with the State's orientation to discourage or restrict the export of raw resources and minerals as stipulated in the List (Appendix I, Appendix II) issued with this Decree.

In cases where it is necessary to adjust the export products in the List (Appendix I, Appendix II) to suit the socio-economic context and the State's orientation on discouraging or restricting the export of raw resources and minerals in each period, the Ministry of Industry and Trade shall determine and propose adjustments to the List to the Ministry of Finance, which will preside over research, coordinate with relevant ministries and agencies, and report to the Government for consideration and decision.”

Many new regulations on value-added tax.

Amendments to regulations on value-added tax deductions.

Decree No. 144/2026/ND-CP also amends point a and adds point c of Clause 2, Article 23, which stipulates the deduction of value-added tax as follows:

2. Input value-added tax (VAT) on goods (including fixed assets) and services used simultaneously for the production and business of taxable and non-taxable goods and services may only be deducted for the amount of VAT on goods and services used for the production and business of VAT-taxable goods and services. Businesses must separately account for deductible and non-deductible input VAT; if separate accounting is not possible, the deductible input VAT shall be calculated as a percentage of the revenue from VAT-taxable goods and services compared to the total revenue from goods and services sold during the tax period. In which:

a) Total revenue from goods and services sold includes revenue from goods and services subject to value-added tax; revenue from goods and services not subject to value-added tax; value-added from the purchase, sale, and processing of gold, silver, and precious stones (except in cases where the value-added is negative (-)) and revenue from goods and services specified in Clause 2, Article 40 of this Decree (if any).

Specifically, the revenue of credit institutions and branches of foreign banks is determined according to the regulations of the law on credit institutions; the revenue of securities and securities market activities is determined according to the regulations of the law on securities; and the revenue of insurance business activities is determined according to the regulations of the law on insurance business.”

"c) Revenue from goods and services subject to value-added tax as stipulated in this clause includes revenue from goods not subject to declaration and payment of value-added tax (if any) as stipulated in Clause 1, Article 5 of the Value-Added Tax Law No. 48/2024/QH15, as amended and supplemented by Law No. 149/2025/QH15."

New regulations on non-cash payment documents in certain special cases.

Regarding the conditions for deducting input value-added tax, Decree No. 144/2026/ND-CP also amends and supplements point g, clause 2, Article 26, which stipulates non-cash payment documents in some special cases as follows:

“g) For goods and services purchased on deferred payment or installment plans with a value of VND 5 million or more, businesses shall base their input value-added tax deduction on the written purchase contract, value-added tax invoice, and non-cash payment documents for the goods and services purchased on deferred payment or installment plans. If non-cash payment documents are not yet available because the payment due date according to the contract or contract addendum has not yet arrived, the business is still entitled to deduct input value-added tax. If, at the time of payment according to the contract or contract addendum, the business does not have non-cash payment documents, it must declare and adjust the deductible input value-added tax downwards for the portion of the goods and services without non-cash payment documents in the tax period in which the payment obligation arises according to the contract or contract addendum. If, after adjustment, the business obtains non-cash payment documents, then Businesses are allowed to declare and deduct input value-added tax for the portion of goods and services with non-cash payment documentation in the tax period in which the non-cash payment documentation is available.

Decree No. 144/2026/ND-CP takes effect from June 20, 2026.

Source: https://vtv.vn/nhieu-quy-dinh-moi-ve-thue-gia-tri-gia-tang-100260507132101471.htm