Vietnam's National Assembly approved the 2024 Law on Value Added Tax on 26 November 2024, which updates and replaces the current VAT law with effect from 1 July 2025. Some of the key changes include: An expanded scope of persons considered VAT taxpayers, including: organizations, households, and individuals producing and trading goods and services subject to VAT; organizations and individuals importing goods subject to VAT; organizations and individuals producing and trading in Vietnam that purchase services from foreign organizations without a permanent establishment in Vietnam or individuals abroad who are not residents in Vietnam; organizations producing and trading in Vietnam...