Question: Dear Lawyer, My company only registered for the normal trading business, we will soon have a partner who wants to buy goods from abroad, but when checking the tax system, the status is "not registered for import-export". Do we need to register for the import-export business? If we do not register in time, will […]

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 […]