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The National Assembly has enacted Resolution 204/2025/QH15 to provide VAT relief aimed at supporting production, business and consumption. The Government has issued Decree 174/2025/NĐ-CP to detail how the VAT reduction will be implemented under the resolution.
Household businesses and individuals engaged in business are entitled to a 20% reduction in the VAT calculation rate for invoices issued for eligible goods and services.
The policy applies from July 1, 2025 to December 31, 2026 for most goods and services.
The VAT reduction does not apply to the following sectors and categories:
Goods and services subject to excise tax (except gasoline) are also excluded from the VAT reduction.
From January 1, 2026, beverages with sugar content above 5g/100ml will be subject to excise tax and therefore will not be eligible for the VAT reduction.
When issuing an invoice for eligible goods and services, household businesses should select the VAT reduction option in the electronic invoicing software to protect the rights of both the business and consumers.
The invoice must clearly show the reduction:
Household businesses and individuals engaged in business must declare reduced VAT items using Form No. 01 in Appendix III of the VAT Reduction details under Resolution 204/2025/QH15, issued together with Decree 174/2025/NĐ-CP, along with the tax declaration form 01/CNKD.
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