Vietnam — Value-added tax (VAT)
|General VAT Rate||Other Rates||Local Currency|
|10%||5%, 0%||Dong (VND)|
Vietnam's general VAT rate is 10%, with other rates including 5% and 0% that can apply to certain transactions. The Value-added tax (VAT) is administered by the Ministry of Finance (http://www.mof.gov.vn) in Hanoi.
Vietnam has a 5% reduced VAT rate on basic foodstuffs and transport, and a raised 15% VAT on luxury goods.
Vietnam's consumption tax is called the Value-added tax (VAT), which was introduced in January 1999.
Vietnam VAT rates for 2020
- Zero-rated and exempt
Vietnam VAT number format
Businesses in Vietnam that are required to collect tax will be issued an identification number. Tax identification numbers can be verified with the Ministry of Finance, and will follow a certain format. The VAT number format is 9999999 (7 digits).
Vietnam VAT return periods
Businesses in Vietnam that are required to collect tax from consumers must file regular tax returns with the Ministry of Finance in Hanoi. Vietnam's VAT return periods are:
Monthly or quarterly
Vietnam Value-added tax (VAT) Thresholds
These are the revenue thresholds at which businesses in Vietnam are required to start collecting and remitting tax.
- None (see Section C)
Recovery of VAT by non-established businesses
Non-established businesses are small, unincorporated businesses that sell taxable goods and may consist of a single individual, or several. In Vietnam, taxation of a non-established business is: No (except under certain circumstances)
Vietnam VAT Refunds
Many countries allow tourists, and others making purchases for export, to receive a VAT refund on exiting the country (or make purchases VAT free). While we don't have data on the Vietnam VAT refund program, more info can be obtained from the Ministry of Finance.
Vietnam Tax Sources & Citations
- EN: Vietnam Value Added Tax
- RU: НДС
- CN: 增值税
- Vietnam Ministry of Finance (http://www.mof.gov.vn)
- Ernst & Young global VAT tax study, Vietnam (updated 2020)
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