The year 2026 marks several important adjustments to value-added tax (VAT) policy. Businesses need to understand these changes to ensure accurate declarations, take advantage of incentives, and avoid unnecessary penalties.
1. Adjusting tax rates for certain groups of goods.
Some groups of goods and services have had their tax rates adjusted. Businesses should review their product catalogs to ensure the correct tax rates are applied to invoices.
Expert advice
Invoices with incorrect tax rates must be adjusted before the next tax declaration period to avoid being assessed for tax.
2. Changes to the conditions for deducting input tax.
The requirements for non-cash payment documentation continue to be tightened. All payments exceeding the specified threshold must be documented through a bank transaction in order to be eligible for tax deduction.
- Review the contract and payment method with the supplier.
- Keep complete records of payment orders and bank statements.
- Compare input invoices with data on the tax portal monthly.
3. What should businesses do immediately?
Please review your current application process. If you are unsure, message us on Zalo so that an AHORIZON specialist can check your application for free.