VBF - Consultation Workshop on Draft VAT Law

Hanoi, 24 April 2024 - AusCham representatives attended the VBF Consultation Workshop for FDI on VAT Law. 

The Value Added Tax (VAT) Law (Amended) project (hereinafter referred to as the "Draft Law") has been initiated by the Ministry of Finance and is expected to be discussed at the upcoming National Assembly’s Session in May 2024.  

Value Added Tax (VAT) is among the most important tax policies with broad-reaching implications for most individuals and businesses. Given the importance of this Draft Law and the significant interest from businesses, Vietnam Business Forum (VBF) organized a workshop for in-depth discussion with a focus on FDI relevant issues. 

Notable issues of the draft VAT Law that were raised during the workshop include: (i) VAT for export processing enterprises; (ii) declaration of missed invoices; (iii) VAT for services; (iv) input and output VAT for certain industries, including marble industry. 

Click HERE for key comments on the draft Law on VAT. 

Should you/your firm wish to further contribute by sharing opinions or comments on this significant legal document, we kindly request you to submit them to the AusCham Advocacy Officer at advocacy@auschamvn.org by Friday, April 26th, 2024. (Please provide both Vietnamese and English versions using the template below). Your inputs will be consolidated and submitted to the Ministry of Finance, National Assembly, and other related agencies for review and consideration.

Given the time constraints, we highly appreciate your prompt attention to this matter. AusCham will represent your interests and ensure that your voice is heard by the appropriate individuals.