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    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…
    VAT deduction of 2% for the first 6 months of 2025 in Vietnam

    VAT deduction of 2% for the first 6 months of 2025 in Vietnam

    Value Added Tax (VAT) is a broadly based consumption tax assessed on the value of goods and services arising through the process of production, circulation, and consumption. On November 30,…
    Setting up a fashion clothing business in Vietnam

    Setting up a fashion clothing business in Vietnam

    Setting up a fashion clothing business in Vietnam: Complete guide covering industry codes, foreign investment rules, registration process, and tax obligations for 2025.
    What is Value Added Tax (VAT) in Vietnam?

    What is Value Added Tax (VAT) in Vietnam?

    In the modern economy, tax is an important tool for the State to regulate the market, create revenue for the budget, and promote socio-economic development. Among the current taxes, value…

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