Overview of VAT in Vietnam
Value Added Tax (VAT) is a broadly-based consumption tax assessed on the value of goods and services arising through the process of production, circulation and consumption. It is the applicable on the majority of goods and services bought and sold for use in Vietnam.
- Two calculation methods for VAT
- Credit method
- Direct method
- Invoice requirements
- Tax filing and payment
- Tax refund
- Limits to VAT refunds
Source: www.vietnam-briefing.com
