National Assembly has amended the VAT law, removing certain filing requirements and clarifying rules for agricultural products, cooperatives, and by-products to simplify compliance for small businesses.

Vietnam passed Law No. 149/2025/QH15 on 11 December 2026, amending the Value-Added Tax Law No. 48/2024/QH15.

The law was approved by the National Assembly in December 2025 and takes effect from 1 January 2026.

The amendments remove the requirement that sellers must declare and pay VAT for invoices to qualify for a VAT refund. The VAT exemption threshold for individuals and small businesses has been increased from VND 200 million to VND 500 million per year.

Additionally, the law clarifies regulations regarding agricultural products, tax deductions for specific cooperatives, and the treatment of production by-products. It also details the digital services provided by Vietnam Law Library, which offers tools for tracking legal updates and comparing statutory changes.

This legal framework aims to simplify compliance for small-scale entrepreneurs while updating national fiscal policies.