ASIAPEDIA

Q&A

What is a “red invoice,” and what is their significance to commercial operations in Vietnam?

Return to search

Infographics

What is a “red invoice,” and what is their significance to commercial operations in Vietnam?

Posted On June 2015

Simply put, a “red invoice” is the nickname given to Vietnam’s Value Added Tax (VAT) invoices. Such invoices are mandated to undertake commercial activities such as the sale of goods and services, imports of foreign goods, and exports to non-tariff zones. The invoices are used to calculate the value added tax of goods and services, and thus determine which party of a transaction is liable to pay relevant taxes. Furthermore, VAT invoices serve to verify corporate expenditures to the Vietnamese government, and are thus essential to doing business in Vietnam.

Get in touch

We provide expert advisory and corporate services across Asia, guiding businesses through complex markets and regulations.

Have Any Questions?

Reach out to our local experts, we’ll respond within one business day.

captcha image

It appears that you have recently submitted an inquiry on this topic. Would you like to
replace your previous submission with this one?