On November 26, 2024, the National Assembly enacted the Law on Value-Added Tax 2024 (Law on VAT 2024), replacing the Law on Value-Added Tax 2008 and its amendments and supplements. The Law on Value-Added Tax 2024 is developed and promulgated with the aim of refining value-added tax policies to enhance and broaden revenue sources, stabilize the state budget revenues, address the recent issues in implementing the Law on Value-Added Tax, as well as reform administrative procedures to facilitate and protect the rights of taxpayers. The Law on Value-Added Tax 2024 will take effect from July 1, 2025.
Notable contents of Law on Valued-Added Tax 2024 are presented by Tu Thi Phuong Uyen.