Currently, the Ministry of Finance is drafting the Law on VAT (Amended) (the Draft) to refine the regulations on VAT policy, codify issues that have been empirically validated, and ensure the consistency of the legal system, aiming at international economic integration. The Draft substantially inherits the Law on VAT 2008 but amends and supplements some important new points that could affect business activities, specifically:
(i) Amendment and supplementation of regulations on non-VAT taxable objects;
(ii) Amendment and supplementation of regulations on VAT refund.




