Our collection of resources based on what we have learned on the ground
Resources
Q&A
How does value-added tax (VAT) registration work in Vietnam?
- June 2014
- Members Access
Registration of tax is a compulsory procedure for organizations and individuals in order to run a business in Vietnam. There is no separate procedure for VAT registration; it is included at the beginning of the tax registration for each kind of taxab...
Q&A
Is there voluntary registration for value-added tax (VAT) in Vietnam?
- June 2014
- Free Access
There is no voluntary registration for VAT in Vietnam. However, certain business entities are excused from registration, these include: Foreign business organizations not having Vietnam-based permanent establishments; Foreign business individuals...
Q&A
Is a non-resident business required to register for value-added tax (VAT) in Vie...
- June 2014
- Free Access
A non-resident business is not required to register for VAT in Vietnam. If such entity does business in Vietnam or earns income in Vietnam, the Vietnamese party will register for VAT on its behalf. A non-resident is a person who does not satisfy one...
Q&A
Are goods and services transactions liable for value-added tax (VAT) in Vietnam?
- June 2014
- Members Access
Most transactions related to goods and services used for production, trading or consumption are subject to VAT, except those otherwise specified. If service provision activities are carried out both in Vietnam and overseas, such services are subject ...
Q&A
Are goods and services imported liable for value-added tax (VAT) in Vietnam?
- June 2014
- Members Access
In general, all goods and services imported for the purpose of production, trading or consumption in Vietnam are subject to VAT, excepting goods and services traded between foreign countries, non-tariff areas, and between non-tariff areas. Imported ...
Q&A
What are the taxed prices for different goods and services in Vietnam?
- June 2014
- Members Access
The chargeable amount of taxable price includes the following terms: For goods and services sold by production and business establishment, the taxed price is the selling price exclusive of VAT. For excise tax-liable goods and services, the taxed p...
Q&A
How to calculate Vietnamese value-added tax (VAT) by credit method?
- June 2014
- Members Access
Credit method: The output VAT amount is the total amount of VAT on sold goods and services as indicated in the VAT invoices. The creditable input VAT amount is the total VAT amount on goods or services purchase, and on imported goods as indicated in ...
Q&A
How to calculate Vietnamese value-added tax (VAT) by direct method?
- June 2014
- Members Access
The direct method applies to business establishments and foreign organizations or individuals without resident offices, but which generate income in Vietnam and have not implemented the Vietnamese Accounting System (VAS). The direct method also ap...
Q&A
Are business establishments in Vietnam, which pay value-added tax (VAT) accordin...
- June 2014
- Members Access
Business establishments that pay VAT according to the credit method are entitled to input VAT credit as follows: Input VAT on goods or services used for the production of and trading in VAT-liable goods and services may be wholly credited, includi...
Q&A
When are business establishments not eligible for the deduction of value-added t...
- June 2014
- Members Access
Business establishments are not eligible for the deduction of VAT in the following cases: Use of VAT invoices not in compliance with legal provisions; Invoices not being specified or incorrectly specified so that it is unable to identify the sell...
Q&A
Is input value-added tax (VAT) recoverable in Vietnam?
- June 2014
- Members Access
Input VAT is recoverable but only applies to enterprises that pay VAT under the credit method. Input VAT for goods and services used for production or business related to VAT taxable and non-taxable goods and services, only the input VAT of goods and...
Q&A
Are businesses paying tax entitled to a VAT refund in Vietnam?
- June 2014
- Members Access
Businesses and organizations paying tax by the credit method, and which have followed all necessary VAT regulations, are entitled to a VAT refund according to the following circumstances: For business establishments having input VAT amounts not co...
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