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V
IETNAM
B
RIEFING
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February 2014
Dear Clients and Readers,
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 toVAT. 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.
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. In order to give you
further in-depth information, we have also created a series of categories (e.g., Financial, Imports/Exports)
of goods and services subject to VAT that you will be able to click on and follow to take a deeper look at
a particular industry segment.
Kind regards,
Introduction
Hoang Thu Huyen
Country Manager
Dezan Shira & Associates
Hanoi Office
vietnam@dezshira.comIssue 16
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February 2014
Spring in the mountain
Le Thanh Son
Oil on canvas, 110 x 130 cm
Green Palm Gallery
info@greenpalmgallery.com|
www.greenpalmgallery.com| +84 91 321 8496
For Reference
Vietnam Briefing and related
titles are produced by Asia
Briefing Ltd, a wholly owned
subsidiary of Dezan Shira
Group.
Materials within is provided by
Dezan Shira & Associates. No
liability can be accepted for any
of its contents. For any queries
regarding the content of this
magazine, please contact:
editor@asiabriefing.comThis Month’s Cover Art