1. Rates of direct vat applied to various business lines in Vietnam
Rates of direct vat applied to various business lines in Vietnam according to the Appendix issued together with Circular 219/2013/TT-BTC is as follows:
1) Goods supply and distribution: 1%
– Wholesaling and retailing goods (except for goods sold by agents that earn commissions)….
2. Regulations on deduction of input VAT
Regulations on deduction of input VAT under Article 12 of the Law on Value-Added Tax 2008 (amended 2013) are as follows:
– Business establishments that employ the deduction method shall deduct the input VAT as follows: …
Source: lawnet.vn
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