Revisions to value-added tax regulations

The government has just issued Decree No. 144/2026/NĐ-CP amending and supplementing a number of articles of Decree No. 181/2025/NĐ-CP (dated July 1, 2025) detailing the implementation of a number of articles of the Law on Value-Added Tax, which had been amended and supplemented by Decree No. 359/2025/NĐ-CP (dated December 31, 2025).

Decree No. 144/2026/NĐ-CP supplements subjects not liable to value-added tax and amends regulations on value-added tax deduction. (Photo: HOANG DUONG)

Specifically, Decree No. 144/2026/NĐ-CP adds Clause 3a after Clause 3, Article 4 of Decree No. 181/2025/NĐ-CP regulating subjects not liable to value-added tax as follows: “3a. Life insurance, health insurance, student insurance, and other insurance services related to human beings; livestock insurance, crop insurance, and other agricultural insurance services; insurance for ships, boats, equipment, and other necessary tools directly serving fishing activities; reinsurance in accordance with the law on insurance business; insurance for petroleum works, equipment, and oil storage vessels bearing foreign nationality hired by petroleum contractors or foreign subcontractors for operation in Viet Nam’s sea areas and overlapping sea areas that Viet Nam and countries with adjacent or opposite coastlines have agreed to place under a joint exploitation regime.”

Regarding financial, banking, securities trading and commercial services not liable to value-added tax, Decree No. 144/2026/NĐ-CP amends and supplements Point d, Clause 4, Article 4 of Decree No. 181/2025/NĐ-CP as follows: “d) Debt trading, including the sale of payables and receivables, and the sale of certificates of deposit.”

Decree No. 144/2026/NĐ-CP also amends and supplements Clause 14, Article 4 concerning subjects not liable to value-added tax as follows: “14. Export products being natural resources and minerals that have not been processed into other products, and export products being natural resources and minerals that have been processed into other products in line with the state’s orientation of discouraging exports and restricting exports of raw natural resources and minerals as stipulated in the List (Appendix I, Appendix II) issued together with this decree.”

This decree also amends several specific regulations on value-added tax deduction. Regarding conditions for input value-added tax deduction, this decree amends and supplements Point g, Clause 2, Article 26 regulating non-cash payment documents in certain special cases.

Decree No. 144/2026/NĐ-CP will take effect from June 20, 2026.

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