On January 16, 2024, the Hanoi Tax Department issued official document number 3008/CTHN-TTHT, in accordance with which:
Export-oriented enterprises are not required to be value-added tax (VAT) contributors for manufacturing activities intended for export. As a result, they are exempt from declaring VAT to the tax authorities for this particular operation.
Export-oriented enterprises are required to separately account for transactions involving the purchase of goods from the domestic market for export purposes (or transactions involving the import of goods for domestic sales – collectively referred to as import-export rights). Additionally, they must register for taxes with the local tax authorities to declare and pay value-added tax (VAT) separately for this specific operation.
