Vietnamese VAT Law Amendments: Impact on Taxable Subjects, Rates, and Refund Thresholds

• Vietnamese Official Gazette published law amending VAT law
• Law includes measures regulating taxable and nontaxable subjects, tax calculations, deductions, and tax refund thresholds
• Zero percent tax rate on exported goods and services
• 5 percent tax rate on certain goods and services
• 10 percent tax rate on services provided by foreign suppliers via e-commerce
• Law takes effect July 1

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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