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Vietnam VAT compliance update

  • Jul 9, 2013 | Richard Asquith

Vietnam VAT compliance update

Vietnam’s Value Added Tax regime has recently had a number of minor changes.  These include:

  • The six month limit on deducting VAT inputs has been removed
  • VAT is now levied on loans from non-authorised financial institutions
  • The problematic new VAT service rules have been withdrawn, and the former nil VAT charge has been reinstated.  This includes the rule that the service use and enjoyment must be outside of Vietnam to qualify as a zero-rated export

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara