Official Letter No. 5487/CT-CS dated November 25, 2025, issued by the Tax Department regarding value-added tax (VAT) policy

Regarding deferred payments or installment payments for goods and services with a value of VND 5 million or more:

• In cases where, at the payment stipulated in the contract or contract appendix, the business entity does not have non-cash payment documents, the business entity must declare and make a downward adjustment to reduce the input VAT deductible for the portion of goods and services for which non-cash payment documents are not available, in the tax period in which the payment obligation arises under the contract or contract appendix;
• In cases where, after declaring and adjusting to reduce the deductible input VAT, the enterprise subsequently obtains non-cash payment documents, the enterprise shall declare the deduction for the portion of goods and services with non-cash payment documents in accordance with applicable regulations.

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