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).
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.