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  •   Call Us: (+84-8) 3500 2828

 

FAQ

 The general rate of VAT in Vietnam which applies to goods and services is  10%. A reduced rate of 5% also applies to certain goods and services.

Other than Value Added Tax, Vietnam also levies a Special Sales Tax (SCT) which is applicable to goods and services classified as luxury. The rates are from 10% to 70% for SCT (refer to 'Special Sales Tax' section above).

The VAT rate is calculated based on the selling price (exclusive of tax).

Taxable transactions – VAT and Special Consumption Tax (SCT) are levied on the sale of goods and the provision of services.

Registration – All organisations and individuals carrying on the production or trading of taxable goods and services in Vietnam must register for VAT. Each branch or outlet of an enterprise must register separately and declare tax on its own activities. Transfers of goods between branches may be subject to VAT. Registration for tax payment is required within 10 days of a corporation's establishment date. VAT payable by a corporation is calculated by the tax credit method or calculated directly on the basis of added value.

Filing and payment – Monthly filing and payment of outstanding VAT must be made on or before the 20th of the following month.

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About GBS:

Global Business Service (GBS) Co., Ltd  is a leading commercial law firm in Vietnam providing business legal services, investment consulting, and other business support service (company formation, license arrangement, commercial agreements, mergers and acquisitions, shareholder arrangements and disputes, work permit, employment contracts,  tax, consulting and financial advisory and executive search services).

The GBS organization is focused on helping senior management and owners of mid-market organizations to reach their goals by providing practical, customized solutions and identifying and pursuing business opportunities in Vietnam.

Contact us today via email: This email address is being protected from spambots. You need JavaScript enabled to view it. or call: (+84-8) 35002828 for more information about our services or to request an estimate for your project. We would encourage you to view our practice areas and contact us to arrange your first free initial advice section with one of our specialists lawyers.

We believe that you will enjoy working with us and we look forward to hearing from you.

Thank you for visiting our website.

 

GBS is a top 10 best business law firms and outsourcing company in Vietnam with a network of associate firms in South East Asia, Middle East, Japan, HongKong and Poland.

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Contact Info

GBS Co., Ltd
8th Floor , Trade Centre Building, 135A Pasteur Str, Ward 6, Dist. 3, Ho Chi Minh City, Vietnam

Hotline | Whatsapp | Viber | iMessage: (+84) 903189033

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(+84 - 8) 3500 2828

 

8.00 am to 5.00 pm