1 August 2019
From 1 July 2020, Vietnam will extend VAT to non-resident e-commerce sales to consumers. This will apply to both sales of goods and digital services.
When introduced the new tax will be collected via banks and credit card companies based in the country when payment is received from their customer, and they will then be responsible for paying this over to the Vietnam tax authorities.
The non-resident sellers will still have a requirement to VAT register in order to report these transactions in the country.
LATEST NEWS
Slovakia considers lowering VAT Rates and expanding...
The Slovakian parliament is currently reviewing draft bills that will expand the list of goods eligible for the 5% reduced VAT rate to include additional food...
SEE MORE
LATEST NEWS
UPDATE: Philippines implements VAT on e-services...
The Bureau of Internal Revenue (BIR) recently executed implementing regulations (Revenue Regulations 003-2025) which will introduce VAT on digital services...
SEE MORE
LATEST NEWS
European Commission grants extension of VAT split...
Despite deviating from Article 226 of Directive 2006/112/EC of the EU VAT Directive, Poland has been allowed to carry on using their VAT split payments regime...
SEE MORE