VAT is one of the important taxes levied on consumers and collected by organizations, businesses, and units trading in goods and services. According to the regulations of the Ministry of Finance, eligible businesses will be refunded taxes. If you…
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 value of goods or services, as well as the…
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 regulation reduces value-added tax (VAT) to 8% in 2024…
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, what kind of penalty will the subjects obliged to…
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 process. It is one of the most important and…
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, 2024, the National Assembly passed Resolution 174/2024/QH15 on the…
Setting up a fashion clothing business in Vietnam: Complete guide covering industry codes, foreign investment rules, registration process, and tax obligations for 2025.
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 added tax (VAT) is one of the most common…
