Official Letter No. 434/VLO-QLDN2 dated August 21, 2025, issued by the Vinh Long Provincial Tax Department regarding regulations on late payment under contracts or contract addenda

Pursuant to Point g, Clause 2, Article 26 of Decree No. 181/2025/NĐ-CP dated July 1, 2025:

• For goods and services purchased on deferred payment or installment basis with a value of VND 5 million or more, if by the payment due date under the contract or contract addendum the enterprise does not have non-cash payment vouchers, the enterprise must declare and adjust to reduce the deductible input VAT corresponding to the value of goods and services without non-cash payment vouchers, in the tax period when the payment obligation arises under the contract or contract addendum.
• In the case of services purchased on deferred payment basis, if at the payment due date under the contract or contract addendum the company does not have non-cash payment vouchers and the company has already declared and adjusted to reduce the deductible input VAT, but subsequently (after the deferred payment period agreed upon in the contract or contract addendum) the company obtains non-cash payment vouchers, such input VAT shall still not allowed to be declared for deduction.

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