Official Letter No. 1832/CT-CS dated March 26, 2026 of the Tax Department regarding tax policy

For deferred or installment payments for goods and services with a value of VND 5 million or more, if by the payment deadline as stipulated in the contract or contract appendix the business entity does not have non-cash payment documentation, it must declare and adjust (reduce) the amount of input VAT eligible for credit corresponding to the value of goods and services lacking non-cash payment documents.

This adjustment must be recorded in Item [37] – “Decrease Adjustment” (under Section IV – Adjustment of VAT still deductible from previous periods carried forward) on the VAT declaration Form No. 01/GTGT for the tax period in which the payment obligation arises according to the contract or contract appendix.

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