Our collection of resources based on what we have learned on the ground
Resources
Q&A
Is value-added tax (VAT) part of the yearly audit in Vietnam?
- June 2014
- Free Access
VAT is a part of a financial statement that is audited every fiscal year. According to the law, the following enterprises shall be audited: Foreign-owned invested enterprises; Credit institutes; Financial organizations and insurance business ent...
Q&A
Are there penalties for companies who do not pay their value-added tax (VAT) on ...
- June 2014
- Members Access
A taxpayer who pays tax after the extended deadline for tax payment has passed, or after the time limit stated in the notice and handling decision of a tax administration agency shall fully pay the tax and late payment interest amount. The penalty wi...
Q&A
What are the special arrangements for value-added tax (VAT) in Vietnam?
- June 2014
- Members Access
If imported goods are refunded to overseas traders, import VAT and import duties’ refund can be claimed in proportion with actual re-exported goods. If the company registers the temporary import and re-export declaration, imported goods shall n...
Q&A
What are some ways to improve value-added tax (VAT) recovery and have a more VAT...
- June 2014
- Members Access
While there is no effective way to increase your VAT refund, there is an efficient way to meet the conditions to ensure that you are entitled to a VAT refund. Businesses and organizations paying tax by the credit method that have met all their VAT re...
Q&A
How can companies limit their exposure to value-added tax (VAT) in Vietnam?
- June 2014
- Members Access
To limit VAT exposure, a VAT taxpayer using the tax credit method should be aware of the guidelines that will help them determine input VAT credit. These guidelines are as follows: The input VAT on goods or services used for the production of and ...
infographic
Two Methods for Calculating VAT in Vietnam
- June 2014
- Free Access
This infographic details the two methods for calculating value-added tax in Vietnam
Q&A
Who can be subjected to value-added tax (VAT) in Vietnam?
- June 2014
- Free Access
Taxable persons in Vietnam are: Organizations and individuals producing or trading in VAT-liable goods and services in Vietnam, regardless of their business lines, forms and/or organizations; and Organizations and individuals importi...
Q&A
What are the value-added tax (VAT) rates for enterprises in Vietnam?
- June 2014
- Members Access
Vietnam has three VAT rates: zero percent, five percent and 10 percent. 10 percent is the standard rate applied to most goods and services, unless otherwise stipulated. Zero percent tax rate The zero percent tax rate applies to exported goods and se...
magazine
E-Commerce Across Asia: Trends and Developments 2014
- May 2014
- Members Access
In this issue of Asia Briefing Magazine, we provide a comprehensive overview of e-commerce trends across the Asia-Pacific region with a focus on developing markets in Southeast Asia. In addition to analyzing macro-level economic and development indic...
magazine
Developing Your Sourcing Strategy for Vietnam
- May 2014
- Members Access
In this issue of Vietnam Briefing Magazine, we attempt to clarify the decision making process involved with moving your sourcing business to Vietnam. We first take you through the important factors to consider when choosing your sourcing partner bef...
magazine
A Guide to Understanding Vietnam's VAT
- February 2014
- Members Access
In this issue of Vietnam Briefing, we attempt to clarify the entire VAT process by taking you through an introduction as to what VAT is, who and what is liable, and how to pay it properly. We first take you through the basics of VAT in Vietnam before...
Q&A
Which law will prevail if domestic tax law is in conflict with the double tax ag...
- February 2014
- Free Access
If there's a conflict between the domestic tax laws and the tax provisions in a double tax agreement, those in the double tax agreement will prevail. However, domestic tax laws will prevail when the relevant tax obligations included in the double tax...
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