On November 26, 2024, Vietnam’s National Assembly passed a new Value Added Tax (VAT) Law, Law 48/2024/QH15, which will come into effect on July 1, 2025. The new VAT Law will replace the existing VAT Law No. 13/2008/QH12 and its amendments.   The new VAT Law introduces significant changes and simplifies the regulatory framework by consolidating the provisions from previous decrees and amendments.   What are the main changes? Widened taxpayer definition:The new VAT law includes obligations for foreign suppliers without a permanent establishment in Vietnam, e.g., foreign suppliers engaging in e-commerce with both organizations and individuals, and foreign organizations...