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V

IETNAM

B

RIEFING

|

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.com

Issue 16

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.com

This Month’s Cover Art