1. Adjusting objects not subject to VAT:

• • Eliminate a number of non-taxable objects such as fertilizers, machinery for agricultural production, offshore fishing vessels, and securities trading.
  • Additional subjects: imported goods to support the prevention of natural disasters and epidemics.

2. Amending the VAT calculation price of imported goods:

• • The new taxable price includes the import taxable value, additional import tax (if any), special consumption tax, and environmental protection tax.

3. Additional taxable prices for promotional goods:

• • The taxable price for promotional goods and services is determined to be 0.

4. Adjusting tax rates for some goods and services:

• • Additional tax rate of 0% for international transportation, construction works in non-tariff zones, and goods sold at duty-free shops.
  • Convert fertilizer and fishing vessels from non-taxable to 5% tax rate.
  • Some products move from 5% to 10%, such as unprocessed forest products, sugar, research equipment, cultural activities, sports, and movies.

5. Change conditions for input VAT deduction:

• • All purchased goods and services must have non-cash payment documents (except in special cases).
  • Additional documents such as packing slip, bill of lading, and tax-deductible cargo insurance.

6. Additional tax refund cases:

• • Enterprises providing services subject to a tax rate of 5% and having an undeducted input tax amount of VND 300 million or more after 12 months or 4 quarters will receive a tax refund.