5 Major VAT developments in Vietnam

5 Major VAT developments in Vietnam

• January 1, 2022: e-commerce and digital businesses need to register and declare tax on B2C transactions
• February 1, 2022: VAT for goods and services subject to the rate of 10% reduced to 8%, applicable from 1 February 2022 to 31 December 2022
• July 1, 2022: Mandatory E-Invoicing will be implemented
• Implementing Decree for VAT Rate Reduction and Donation Deductions for COVID-19 – Overview COVID-19 measures
• Guidance issued on VAT refunds

Source Overview VAT legislative developments in Vietnam

---

---