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For transactions involving the purchase of goods and services with a value of 5 million VND or more that remain unpaid, the tax regulations are updated as follows:
1. Corporate Income Tax (CIT)
According to Official Dispatch No. 3716/NBI-QLDN2 issued by the Ninh Binh Provincial Tax Department on April 2, 2026, enterprises purchasing goods and services with a per-transaction value of 5 million VND or more that remain unpaid are strictly required to have a contract for these purchases to qualify as deductible expenses for CIT calculation purposes.
Download Official Dispatch No. 3716/NBI-QLDN2
2. Value Added Tax (VAT)
According to Official Dispatch No. 5487/CT-CS issued by the Tax Department on November 25, 2025, regarding goods and services valued at 5 million VND or more under deferred or installment payment arrangements:
- If, by the payment deadline stipulated in the contract, the enterprise does not possess non-cash payment documents, it must declare and make a downward adjustment to the deductible input VAT corresponding to the value lacking payment documents.
- If, after making the downward adjustment, the enterprise subsequently obtains the non-cash payment documents, it is entitled to re-declare and claim the deduction for the corresponding input VAT.
Therefore, even if a deferred or installment payment transaction is overdue according to the contract, the enterprise is still permitted to deduct the input VAT provided it has the required non-cash payment documents (after having made a downward adjustment, if applicable).
