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Tag: VAT

Regime on Value Added Tax (VAT) Invoice in Vietnam

Regime on Value Added Tax (VAT) Invoice in Vietnam

A Value-Added Tax (VAT) invoice is a type of document used in the sale and purchase of goods and services. It is issued by the seller and records the detailed…
Reduce Value Added Tax (VAT) to 8% in Vietnam 2024

Reduce Value Added Tax (VAT) to 8% in Vietnam 2024

On June 30, 2024, the Government issued Decree No. 72/2024/ND-CP stipulating the VAT reduction policy according to Resolution No. 142/2024/QH15 dated June 29, 2024 of the National Assembly. Accordingly, the…
Penalty for late payment of value added tax (VAT)

Penalty for late payment of value added tax (VAT)

Value added tax (VAT) is a tax calculated on the added value of goods and services arising during the process of production, circulation, and consumption. So when paying tax late,…
Compare deductible and direct VAT calculation methods

Compare deductible and direct VAT calculation methods

VAT (Value Added Tax) (also known as value added tax) is a type of consumption tax applied on the added value of goods and services during the production and business…

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