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Law on Value-added Tax

Vietnamese digital service providers set up shops overseas to avoid VAT tax

Vietnamese digital service providers set up shops overseas to avoid VAT tax

The chamber, however, said many companies have been forced to set up operations overseas to avoid the 10 per cent VAT, which according to them, was still collected because "tax officers could not distinguish between digital services meant for domestic...
Debates on proposed VAT Law Amendments over revenue thresholds

Debates on proposed VAT Law Amendments over revenue thresholds

Many stakeholders argue that the Ministry of Finance''s proposed threshold of VNĐ150 million is still relatively low.
Ministry drafts amendments to increase VAT management

Ministry drafts amendments to increase VAT management

The ministry said that the VAT law will be amended to expand the tax base, ensure transparency and eligibility, increase tax management efficiency, prevent tax avoidance and evasion, and ensure stable revenue to the State budget.
VAT-exempt status more of hindrance than help

VAT-exempt status more of hindrance than help

Given that input VAT credits can amount to between 1.0 to 8.0 per cent of product prices, the "free launch" has tilted the playing field significantly in favor of foreign producers.
Deputy PM demands tax hike reviews, experts beg to differ

Deputy PM demands tax hike reviews, experts beg to differ

Deputy Prime Minister Vuong Dinh Hue asked that the Ministry of Finance’s controversial new amendment drafts to tax laws be adjusted to meet both the national growth plan and the current economic climate.