Vietnam - Using Invoices And VAT In The Provision Of Services Abroad By Export Processing Enterprises.
Legal News & Analysis - Asia Pacific - Vietnam - Regulatory & Compliance - Tax
28 July 2021
Hanoi Tax Department issued Offical Letter No. 23122/CTHN-TTHT dated 25 June 2021 on the use of invoices and VAT in the provision of services abroad by export processing enterprises with the following contents:
Free trade zones include export-processing zones, export processing companies, tax-suspension warehouses, bonded warehouses, special economic zones, commercial-industrial zones, and other economic zones established and provided with similar tax incentives as free trade zones according to Decisions of the Prime Minister. The transactions between a free trade zone and an external party are considered export/ import.
Export Processing Enterprises that provide design services, market research and production management consulting services abroad (outside the territory of Vietnam) are not subjected to VAT.
Enterprises that provide services abroad will use commercial invoices.
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