A decree—Decree No. 100/2016/ND-CP—is effective July 2016 and provides details on goods and services that are not subject to value added tax (VAT) and sets forth provisions concerning VAT refunds for investment projects and for certain companies involved in exports.
Goods and services not subject to VAT, pursuant to the decree, include nursing services provided to elderly and disabled individuals, public passenger transportation, and certain natural and mineral resources.
Read an August 2016 report [PDF 198 KB] prepared by the KPMG member in Vietnam: Decree 100 guiding the amended Tax Law No. 106/2016/QH13
The KPMG report also describes provisions under the “special consumption tax” and the effects of the decree on calculations of this tax (with the tax base generally being the selling price).
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