Vietnam VAT changes
- 27 April 2016 | Richard Asquith
The Vietnamese General Department for Taxation has clarified two areas for VAT compliance
- Input VAT – there will be no provision for transport input VAT relief if sales agreement or invoice is signed after any export
- VAT on discounts - VAT invoices should be issued where vendors give purchases additional goods or stocks for bulk orders
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.