Businesses can recover input VAT by offsetting it against output VAT, which is the VAT charged on sales of goods or services. To claim the VAT credit, businesses generally need a document showing payment through a bank, except for purchases below VND 20 million. The document should reflect the pre-tax price, the VAT amount, and the total payable.
In order to determine the deductible input VAT, businesses rely on various sources, including valid VAT invoices for goods or services, documentation relating to VAT payments on imports, and documentation
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Web page updated on 17 Mar 2025 16:36