Official Letter No. 1052/CT-CS dated February 12, 2026, issued by the Ministry of Finance, regarding VAT policy

Pursuant to regulations, where a company implements an investment project in multiple phases, with a production and business plan for pasteurized fresh milk products (not selling raw fresh milk), operates a closed production process (from dairy cow farming to obtain raw fresh milk through processing into pasteurized fresh milk products for sale, including cases of outsourced processing into pasteurized fresh milk products), applies centralized accounting, and uses products not subject to VAT to produce goods subject to VAT, the input VAT incurred during the investment phase for the formation of fixed assets shall be fully creditable.

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