New Issue of Vietnam Briefing: A Guide to Understanding Vietnam’s VAT

February 20, 2014 Posted by Vietnam Briefing Reading Time: 4 minutes

HANOI – The newest issue of Vietnam Briefing Magazine, titled A Guide to Understanding Vietnam’s VAT, is out now and will be temporarily available as a complimentary PDF download on the Asia Briefing Bookstore until the end of April.

As Vietnam’s dynamic economy continues to evolve, its tax regime is also continuing to develop to fit the new needs of the country and those doing business within it. While Vietnam is attempting to simplify its value-added tax (VAT) system, properly filing your VAT and ensuring that you are entitled to, and receive, such things as exemptions and refunds, remains a confusing process.

With certain exceptions, all transactions related to goods and services used for production, trading, or consumption are subject to VAT. It is thus very important to determine correctly which VAT calculation method best suits your business and ensure that the tax process is followed carefully.

RELATED: Dezan Shira & Associates’ International Tax Planning Services

In this issue of Vietnam Briefing, we attempt to clarify the entire VAT process by taking you through an introduction as to what VAT is, who and what is liable, and how to pay it properly. We first take you through the basics of VAT in Vietnam before taking you deeper into the topic. Additionally, we provide updates on the new changes to the VAT process and explain how they will impact your business.

In this Issue

What is VAT & Who Does it Affect?
How to Make VAT Work for You
Proper Procedure For Filing VAT
VAT Summary
Q&A: How to Improve VAT Recovery and Efficiency for Your Company

A Guide to Understanding Vietnam’s VAT is out now and immediately available as a complimentary PDF download on the Asia Briefing Bookstore for a limited time only.

Dezan Shira & Associates is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia. Since its establishment in 1992, the firm has grown into one of Asia’s most versatile full-service consultancies with operational offices across China, Hong Kong, India, Singapore and Vietnam as well as liaison offices in Italy and the United States.

For further details or to contact the firm, please email asia@dezshira.com, visit www.dezshira.com, or download the company brochure.

You can stay up to date with the latest business and investment trends across Asia by subscribing to Asia Briefing’s complimentary update service featuring news, commentary, guides, and multimedia resources.

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