Important updates on the law on Value-Added Tax 2024 from 01/07/2025

On 26 November 2024, the 2024 Law on Value-Added Tax (VAT), which replaces the 2008 version, was passed by the National Assembly. Below are some key points businesses should note in preparation for the new law taking effect on 01 July 2025. 1. Change in the calculation of Taxable Price for Imported Goods Taxable prices […]