Vietnam's New VAT Decree Adds Rules for Insurance, Finance and Export Goods

The Vietnamese government issued Decree No. 144/2026/ND-CP, amending Decree No. 181/2025/ND-CP that details the implementation of the Value‑Added Tax Law. The decree takes effect on 20 June 2026.

Key changes include: • Expanded VAT provisions for the insurance sector and financial activities, covering life, health, livestock, agricultural, marine, and oil‑related insurance, as well as re‑insurance and certain oil‑field insurance operations. • Adjustments to the treatment of exported natural resources and minerals, continuing the policy to limit raw‑material exports and updating the export product list. • Introduction of a new basis for calculating total sales revenue of goods and services, encompassing taxable and non‑taxable items, value added from precious‑metal trade, and commissions. • Clarified conditions for input‑VAT deduction on goods and services purchased on installment (value ≥ 5 million VND), requiring contracts, invoices and non‑cash payment proofs; deductions are allowed even before payment deadlines, with adjustments required if cash‑payment evidence is missing at the due date.

The Tax Department of Điện Biên province urges organisations, enterprises and individual taxpayers to study the new provisions and ensure compliance.