The Government's Decree No. 144/2026/ND-CP dated May 05, 2026 amending and supplementing a number of articles of the Government's Decree No. 181/2025/ND-CP dated July 01, 2025, detailing the implementation of a number of articles of the Law on Value-Added

We hereby respectfully present to the valued customers an update on some contents of the Government's Decree No. 144/2026/ND-CP dated May 05, 2025 amending and supplementing a number of articles of the Government's Decree No. 181/2025/ND-CP dated July 01, 2025, detailing the implementation of a number of articles of the Law on Value-Added Tax, which had a number of articles amended and supplemented under the Government's Decree No. 359/2025/ND-CP dated December 31, 2025, as follows:

1.   Decree No. 144/2026/ND-CP amends and supplements the products and services subject to non-taxable objects from value-added tax, including:

• Life insurance, health insurance, student insurance, and other human-related insurance services;
• Insurance for domestic animals, insurance for plants, and other agricultural insurance services; insurance for ships, boats, equipment and other necessary tools directly for fishing;
• Reinsurance as prescribed by the law on insurance business;
• Insurance for oil and gas structures and equipment, and oil tankers of foreign nationality hired by oil and gas contractors or foreign subcontractors to operate in Vietnam’s maritime zones and overlapping maritime zones in which Vietnam and countries with adjacent or opposite coasts have agreed to jointly fish;
• Sale of debts, including payables and receivables, and sale of deposit certificates;
• Turnover from goods and services and commission revenue earned from agency activities for sale of goods and services not subject to value-added tax; commission revenue from brokerage of insurance services not subject to value-added tax.

2.   For goods and services purchased on deferred payment or installment payment with a value of goods and services purchased from 5 million Vietnamese Dong or more, may still credit input value-added tax:

Article 4 of Decree No. 144/2026/ND-CP additionally amends and supplements point c, clause 2 of Article 26 of Decree No. 181/2025/ND-CP on non-cash payment documents for goods and services purchased on deferred payment or installment payment, as follows:

For goods and services purchased on deferred payment or installment payment with a value of goods and services purchased from 5 million Vietnamese Dong or more, business establishments shall rely on written contracts for purchase of goods and services, value-added tax invoices, and non-cash payment documents for goods and services purchased on deferred payment or installment payment as the basis for crediting input value-added tax.

In case non-cash payment documents are not yet available because the payment time under the contract or contract appendix has not yet fallen due, business establishments may still credit input value-added tax.

By the payment time under the contract or contract appendix, the business establishments that do not have non-cash payment documents, shall declare and decrease the deductible input value-added tax amount corresponding to the value portion of goods and services without non-cash payment documents in the tax period in which the payment obligation under the contract or contract appendix arises.

In case after making the adjustment, business establishments obtain non-cash payment documents, such business establishments shall declare and credit the input value-added tax amount corresponding to the value portion of goods and services having non-cash payment documents in the tax period in which the non-cash payment documents are obtained.

Decree No. 144/2026/ND-CP takes effect from June 20, 2026.

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-The translation is for reference only.