Question: Purchases of Finished Goods/Semi Finished from China, what is the import duty or VAT etc ? We are under ATIGA right ? Can check and advise ? Answer: While Vietnam and China are both members of the ASEAN-China Free Trade Area (ACFTA), ATIGA specifically relates to ASEAN member countries. Therefore, ATIGA does not apply […]

Question: Purchases of Finished Goods/Semi Finished from Malaysia, what is the import duty or VAT etc ? We are under ATIGA right, so rightfully it shall be duty free and VAT at nil? Answer: Vietnam and Malaysia are members of the ASEAN Trade in Goods Agreement (ATIGA). Under ATIGA, goods traded between ASEAN member states […]

Question: Sales to overseas/export, is it VAT is ‘nil’ ? Answer: Yes, goods and services exported from Vietnam are subject to a 0% VAT rate (often referred to as "VAT nil") Exported goods include: - The goods exported to other countries, including those under entrustment contracts; - The goods sold to free trade zones as […]

VAT Rate Applicable to Sales Revenue in Vietnam Question: For sales to local customers in Vietnam, what is the VAT rate? Answer: According to the current regulations of Vietnamese law, value-added tax (VAT) for wholesale trade services of machinery, equipment, and electronic components (based on the company's business lines) is applied at a tax rate […]

On November 26, 2024, during the 8th session of the 15th National Assembly, Vietnam officially passed the 2024 Value-Added Tax (VAT) Law (Law No. 48/2024/QH15), which will take effect on July 1, 2025. This law introduces significant reforms to refine tax policies and resolve existing implementation challenges. Below are some of the most notable changes: […]