Vietnam Letters of credit are subject to VAT 15 May 2020553 views1 min read The General Department of Taxation issued Official Letter No. 1606/TCT-DNL (April 2020) to provincial tax departments, as guidance confirming that letters of credit service are subject to value added tax (VAT). Source: KPMG Letter of Credit Subject to VAT in Vietnam E-invoicing Mandate – Delayed Until 2022
