- Businesses in Vietnam face indirect taxes such as VAT, special consumption tax (SCT), and import/export duties, in addition to corporate income tax.
- VAT applies at multiple stages with rates of 0%, 5%, and 10% (temporarily reduced to 8% for some goods until end of 2026), and covers both domestic and foreign suppliers.
- SCT targets non-essential goods/services like alcohol and tobacco, with new regulations from 2026 aiming to discourage harmful consumption and support sustainability.
- Import duties are tiered (preferential, special preferential, ordinary) based on trade agreements, with possible exemptions and refunds under certain conditions.
- Export duties mainly affect natural resources, with rates ranging from 0% to 40% depending on the product.
Source: ggi.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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