Official Letter No. 6010/CT-CS dated December 15, 2025, issued by the Tax Department regarding value-added tax (VAT) policy, provides the following guidance:

by KMC Consulting Company Limited

  • For deferred payment or installment payment transactions for goods and services with a value of VND 5 million or more, where at the time when payment becomes due under the contract or contract appendix the business entity does not have non-cash payment documents, the business entity must declare and make an adjustment to reduce the amount of input VAT eligible for credit corresponding to the value 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 having declared and made an adjustment to reduce the input VAT eligible for credit, the enterprise subsequently obtains non-cash payment documents, the enterprise shall declare the input VAT credit corresponding to the value of goods and services supported by non-cash payment documents are available in accordance with regulations.

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