Invoices from 5 million VND must be transferred to be tax deductible.

(Dan Tri) - Business establishments must have non-cash payment documents for purchased goods worth VND5 million or more (including VAT) to be eligible for input tax deductions, instead of the old level of VND20 million.

The Government recently issued Decree 181/2025 detailing the implementation of a number of articles of the Law on Value Added Tax, effective from July 1. Notably, the regulation on conditions for input value added tax (VAT) deduction for business establishments.

Accordingly, business establishments must have non-cash payment documents for purchased goods and services (including imported goods) worth VND5 million or more (including VAT). According to the old regulations, the deductible amount was VND20 million.

This means that for invoices under 5 million VND, whether transferred or paid in cash, input VAT can be deducted. For invoices above this amount, non-cash payment is required.

In which, non-cash payment documents are documents proving non-cash payment according to regulations, except for documents in which the buyer deposits cash into the seller's account.

Invoices of 5 million VND or more must be paid without cash (Photo: Tien Tuan).

The Decree also adds a number of special cases considered as non-cash payments in addition to the cases prescribed in Decree No. 52/2024, such as offsetting between purchased goods and services and sold goods and services, offsetting through loan relationships with transfer documents, payment through a third party as designated or legally authorized...

Specifically, in the case of goods and services purchased by payment in stocks or bonds, this payment method is specifically stipulated in the contract and requires a pre-established written sales contract.

After making the above payment methods, if the remaining value is paid in cash with a value of 5 million VND or more, tax deduction is only allowed in cases where there is a non-cash payment document.

In case of goods and services purchased by the method of payment offsetting between the value of purchased goods and services and the value of sold goods and services, or borrowing goods, and this payment method is specifically stipulated in the contract, there must be a record of data comparison and confirmation between the two parties on the payment offsetting between purchased goods and services and sold goods and services, or borrowing goods.

In case of debt offset through a third party, there must be a debt offset record of the three parties as the basis for tax deduction.

In case the purchased goods and services are paid for by authorization through a third party that makes non-cash payments (including cases where the seller requests the buyer to make non-cash payments to a third party designated by the seller), the payment by authorization or payment to a third party designated by the seller must be specifically stipulated in the contract.

In which, the third party is an organization or individual operating under the provisions of law.

In case the purchased goods and services are paid for non-cash into a third party's account opened at the State Treasury to enforce the collection of money and assets held by other organizations and individuals (according to the decision of a competent state agency), the input value-added tax shall be deducted corresponding to the amount transferred into the third party's account opened at the State Treasury.

Source: https://dantri.com.vn/kinh-doanh/hoa-don-tu-5-trieu-dong-phai-chuyen-khoan-moi-duoc-khau-tru-thue-20250702123423522.htm