Vietnam: Corporate income tax incentives, VAT guidance | KPMG | TH
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Vietnam: Corporate income tax incentives, VAT guidance

Vietnam: Corporate income tax incentives, VAT guidance

Guidance issued by the tax authorities in Vietnam concerns the following topics:


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  • Corporate income tax: Expenses relating to late-issued invoices (invoices issued after transfer of the ownership of the goods) are deductible, provided the taxpayer can provide other supporting documentation that would provide evidence of the deductibility.
  • Corporate income tax: Investment incentives, including import duty incentives, will be determined based on corporate income tax law.
  • VAT: When the taxable price for the special consumption tax is adjusted, no value added tax (VAT) adjustment is required.
  • VAT: A circular establishes the VAT refund management rules, specifically with respect to “high-risk companies.”
  • Tax registration: Guidance on tax registration concerns both business and individual taxpayers.


Read an August 2016 report [PDF 109 KB] prepared by the KPMG member firm in Vietnam

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