VAT Rate Applicable to Sales Revenue in Vietnam

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 […]

Procedures for Converting Garden Land to Residential Land

As soon as VietTimes published the article “Hanoi residents ‘shocked’ as land use fees skyrocket under the new pricing table”, many readers inquired about whether their parents, who own garden land, could convert it into residential land, what procedures were required, and how much they would have to pay. Regarding the issue of converting garden […]

SBLAW LEGAL NEWSLETTER – JANUARY 2025

SBLAW presents the January 2025 Legal Newsletter, providing key updates on newly issued regulations in various fields, including Tax - Fees - Charges, Investment, Banking & Finance, Real Estate, Transportation, Land, Labor, and Commerce. Key Highlights: 1. Tax-Fees - Charges Decree 180/2024/ND-CP: Regulations on VAT reduction policy, applicable from January 1, 2025, to June 30, […]

Engaging in the Vietnamese market

Under Vietnam Law, a foreign investor can directly engage in the Vietnamese market in following ways: -          Establishment of a new company; -          Buying in

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