Opinion on VAT

On September 11, 2024, the General Department of Taxation issued Official Dispatch No. 4019/TCT-CS regarding opinions on VAT. Accordingly, VAT policies have clearly specified the conditions for VAT deduction. In cases where the VAT payment document at the import stage lists the importer as the Company, and the Company declares VAT using the direct method, the Company is not eligible for VAT deduction. Regarding the declaration and addition of the importer’s name, the Company is advised to refer to Point 2 of Official Dispatch No. 2845/TCHQ-GSQL dated June 19, 2024, from the General Department of Customs.