Official Letter No. 3322/TNI-QLDN2 dated December 03, 2025, issued by the Tay Ninh Tax Department regarding the issuance of invoices for trade discounts and the treatment of expenses, and VAT for cash payments of less than VND 5 million, is as follows:

do KMC Consulting Company Limited

  • Pursuant to Point a, Clause 3, Article 1 of Decree No. 70/2025/NĐ-CP amending Clause 1, Article 4 of Decree No. 123/2020/NĐ-CP dated October 19, 2020 of the Government;
  • Pursuant to Clause 3, Article 1 of Decree No. 70/2025/NĐ-CP dated March 20, 2025 of the Government amending the title of Article 19 and amending and supplementing Article 19 of Decree No. 123/2020/NĐ-CP dated October 19, 2020 of the Government;
  • Pursuant to Point đ, Clause 6, Article 10 of Decree No. 123/2020/NĐ-CP dated October 19, 2020 of the Government;
  • Pursuant to Clause 2, Article 14 of Decree No. 181/2025/NĐ-CP dated March 20, 2025 of the Government stipulating the principles for determining the value-added tax taxable price;
  • Pursuant to Article 14 of Law No. 48/2024/QH15 dated November 26, 2024 of the National Assembly providing the Law on Value-Added Tax;
  • Pursuant to Article 26 of Decree No. 181/2025/NĐ-CP dated July 01, 2025 of the Government;
  • Pursuant to Article 9 of Law No. 67/2025/QH15 dated June 14, 2025 of the National Assembly providing the Law on Corporate Income Tax.

Based on the above provisions:

  • Where the Company applies trade discounts to customers in accordance with the law, the invoice contents shall comply with the provisions under Point đ, Clause 6, Article 10 of Decree No. 123/2020/NĐ-CP of the Government.
  • Where trade discounts are determined based on the quantity or sales volume of goods or services, the discount amount for goods or services already sold shall be adjusted on the sales invoice issued at the final purchase or in the subsequent period, ensuring that the discount amount does not exceed the value of goods or services stated on the invoice of the final purchase or the subsequent period; alternatively, an adjustment invoice may be issued together with a list specifying the invoices numbers subject to adjustment, the adjusted amounts and the adjusted tax amounts.
  • Regarding VAT credit, the Company shall determine the eligibility for input VAT deduction in accordance with Article 14 of Law No. 48/2024/QH15 and Article 26 of Decree No. 181/2025/NĐ-CP.
  • Regarding deductible expenses for corporate income tax purposes, the Company shall comply with the provisions under Article 9 of Law No. 67/2025/QH15 dated June 14, 2025 of the National Assembly, which takes effect from October 01, 2025 and is applicable from the 2025 corporate income tax assessment

For more detailed information about this or related Tax Advisory, please don't hesitate to contact us.
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