Law on Value-Added Tax No. 48/2024/QH15

● In force

Sets out what is and is not subject to value-added tax, the three rates of 0%, 5% and 10%, the calculation methods, and the conditions for input VAT credit and refunds. The Law requires purchase invoices of VND 5 million or more to have non-cash payment evidence to qualify for input VAT credit.

Number: 48/2024/QH15
Document type: Law
Issued by: National Assembly
Effective: 1 July 2025
Status: In force
Area: Value-added tax

Value-added tax reduction policies for certain groups of goods and services are issued by separate National Assembly resolutions with time limits — check the application period for the current filing period.

Who should read this document

Enterprise accountant filing input VAT credits
Person issuing sales invoices
Exporting enterprises, enterprises requesting tax refunds

Relation to other documents

Documents with the same scope, to read alongside it:

Decree 181/2025/ND-CP Decree detailing the Law on Value-Added Tax

This is a suggested pair of documents to read side by side; it does not state that this document has been replaced in full or in part. Which document has expired, and from which date, is set out in the implementation provisions of the newer document.

Read the original on the official portal

Open the national legal documents database, the Official Gazette, or the documents page of the National Assembly.
Type the exact number 48/2024/QH15 into the search box.
Check the number, title and date of issue on the result; look at the legal status and any amending documents listed with it.

Copies on unofficial websites may miss amendments and supplements - use the text on the official portal when you need to cite it. The official text is in Vietnamese.

Explainer articles

TaxDatum guides in English that mention 48/2024/QH15:

Vietnamese companies earning income abroad: foreign tax credits and proving Vietnamese residenceWhen a Vietnamese supplier's tax code status changes: what to do with contracts, invoices and input VATRegistered business lines in Vietnam: what industry codes tell you about a company, and what they do notFrom year-end close to 31 March: a working timetable for CIT finalisation, audit and PIT in VietnamSetting up the tax calendar for a new Vietnamese subsidiary: first-year deadlines, financial year choice and holidaysCorporate income tax in Vietnam from the 2025 tax year: what the new law changes for foreign-invested companiesE-invoices in Vietnam for foreign-invested companies: issuing, receiving and keeping recordsFrom accounting profit to taxable income: building the CIT adjustment schedule in Vietnam

293 articles across the network mention 48/2024/QH15 (in Vietnamese).

Documents in the same area

Decree 181/2025/ND-CPDecree detailing the Law on Value-Added Tax Circular 40/2021/TT-BTCCircular on tax for household businesses and individual businesses Circular 84/2026/TT-BTCCircular on tax refunds for foreign nationals purchasing goods in Vietnam

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Questions and answers

Is Law 48/2024/QH15 still in force?

According to the library's cross-check, this document is currently applied (effective: 1 July 2025). A document in force may still be amended after the date the library recorded it, so check its status again in the official legal documents database before relying on it for a real case.

Where can I read the original text of Law 48/2024/QH15?

Type the exact number "48/2024/QH15" into the search box of the national legal documents database, the Official Gazette or the documents page of the issuing body. Check the number, title and date of issue on the result before reading; copies on unofficial websites may miss amendments. The official text is in Vietnamese.

Does this page give specific articles, penalty amounts or deadlines?

No. The page only summarises the document's scope in plain words and shows who should read it. Specific articles, amounts and deadlines must be read in the original text in force at the time the obligation arises.

How do I know which document applies to an older case?

Identify the date the obligation arose or the tax period of the case, then read the implementation and transitional provisions of the newer document with the same scope. Transactions and filing periods before and after the effective date of a new document may need two different documents; when in doubt, ask the managing tax office.

Reference content: summarises the document's scope in plain words, does not give specific articles, penalty amounts or deadlines, and may not yet reflect new documents. TaxDatum.com is run by a private company and is not a government portal.