Decree 15 provides a list of exceptional goods and services which are not eligible for the VAT reduction.
The VAT reduction is applicable consistently to all stages including import, manufacturing, processing and trading. But, taxpayers must issue a separate invoice for goods and services eligible for the VAT reduction.
Source: KPMG
Latest Posts in "Vietnam"
- Navigating Vietnam’s 10% VAT: Pricing, Profitability, and Compliance for Foreign Digital Service Providers
- Prime Minister Proposes Raising Tax Threshold for Household Businesses, Urges National Assembly Support
- VAT Compliance for Foreign Businesses in Vietnam: Key Pricing and Profitability Considerations
- Vietnam Proposes E-Invoicing Reforms for E-Commerce, Small Businesses, and High-Risk Taxpayers
- A Guide to Indirect Taxes in Vietnam: VAT, Special Consumption, Import, and Export Duties
