Current VAT and tax regulations do not allow input VAT to be offset against VAT payable at the import stage.
1. Our company issued some VAT invoices having the digital signing date different from the invoice preparation date. Are these invoices legitimate under current regulations and which date should be used for VAT declaration purpose?
2. Our company often imports materials from foreign suppliers, thereby incurring a significant amount of import VAT. Meanwhile, we are having a significant input VAT creditable from domestic purchase. Could we offset such creditable input VAT against the VAT payable at the import stage?
3. Our company incurred the IT services fee charged by overseas company. The IT services including two parts (i) SAP user and (ii) SAP consultancy services. Please advise the FCT rate applicable for this case.
Source: theinvestor.vn
Latest Posts in "Vietnam"
- New VAT Law Creates Cash Flow Crisis for Vietnamese Agricultural Exporters
- Vietnam’s 2025 VAT Refund Eligibility: Key Criteria and New Regulations Explained
- Vietnam Announces Temporary VAT Reduction to 8% for Key Sectors Until December 2024
- Guidelines for Handling VAT After Provincial Merger in Vietnam (2022-2025)
- Determining Product Groups Eligible for VAT Reduction Under Decree 174/2025/NĐ-CP
