Vietnam's new Circular No. 84/2026/TT-BTC, effective 1 July 2026, introduces an electronic VAT refund system for foreigners and overseas Vietnamese, requiring sellers to enter invoices electronically and comply with customs and tax authority integration.
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VatCalc · 3 months ago
Vietnam's Ministry of Finance has issued a draft decree to streamline e-invoicing for e-commerce and low-value transactions, shifting invoice issuance to platform operators and allowing small businesses below thresholds to issue consolidated daily invoices. The Finance Ministry also proposed extending e-invoicing to businesses with sales above VND 1 billion on 10 December 2025, and Circular 32/2025 provides detailed guidelines on numbering, use cases, and service provider standards. A June 2024 directive urges the remaining non‑compliant businesses, especially retail outlets, to adopt e‑invoicing, following the successful Phase 2 rollout in 2022 that registered 92 % of obligated taxpayers.
VatCalc · 3 months ago
Vietnam has temporarily set VAT on gasoline, diesel and aviation fuel to 0% from 26 March to 15 April 2026, exempting businesses from VAT declaration and payment while allowing input VAT recovery. The measure also waives environmental protection tax and zeroes special consumption tax on gasoline, expected to cut state revenue by about 7.2 trillion VND per month.
Vietnam Briefing · 4 months ago
Vietnam’s 2025 VAT Law expands refund eligibility to investment projects, exporters, and 5%‑rate businesses with at least VND 300 million in accumulated input VAT, while tightening documentation and audit requirements. Key changes include removal of refunds for ownership or structural changes, stricter rules for deferred payments, and new limits on import‑export refund eligibility.
DevDiscourse · about 8 hours ago
New Zealand: The government plans to mandate e-invoicing for large businesses supplying government agencies from 1 January 2027, aiming to cut costs and improve cash flow. The initiative is expected to generate up to NZ$800 million in annual savings by streamlining invoice processing and reducing administrative work.
Comarch · about 22 hours ago
Thailand's Cabinet approval of the OECD-led Global Minimum Tax exchange signals a shift toward mandatory e-invoicing. The move will require businesses to adopt the ETDA Standard 3-2560 XML schema and meet a 15-day transmission rule. The policy also offers a 200% double-tax deduction and a 1% electronic withholding tax rate until December 2027.
Manila Times · 1 day ago
Philippines: The Supreme Court has upheld the constitutionality of the VAT refund law for foreign tourists, confirming that the incentive is a valid policy measure to promote tourism. The law allows non-resident foreign tourists to claim VAT refunds on purchases of at least P3,000 per transaction from accredited retailers, provided the goods are taken out of the Philippines within 60 days of purchase.
Key Takeaways
As of 1 July 2026, Vietnam's Customs Department operates the electronic VAT refund management system under Circular No. 84/2026/TT-BTC, integrating customs, tax authorities, commercial banks, and VAT refund goods sellers.
From 1 July 2026, VAT refund goods sellers in Vietnam must fully enter invoices-cum-VAT refund declarations into the system, digitally sign them, transmit to customs, print invoices for delivery to foreigners, register for electronic invoices, submit quarterly VAT refund sales reports, and assist foreigners in VAT refund procedures.
From 1 July 2026, foreigners in Vietnam must present invoices, passports, goods, and dossiers to customs no later than 30 minutes before departure for inspection.
From 1 July 2026, Vietnam's tax authority will recognise a VAT refund goods seller within 7 working days after receiving a complete and valid dossier.
Primary source
Read the full article at LuatVietnamThis summary was published on VATfaqs.com on 8 July 2026. It relates to VAT developments in Vietnam. The original source is LuatVietnam.
