Viet Nam VAT Report
If you have a Viet Nam subsidiary and nexus and have installed the International Tax Reports SuiteApp, you can generate the following reports:
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Viet Nam VAT Return (Form 01 GTGT)
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Declaration of Output VAT/Sales (Form 01-1)
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Declaration if Input VAT/Purchases (Form 01-2)
To generate the tax reports for Viet Nam, use the tax code properties provided by the International Tax Reports SuiteApp. See Viet Nam Tax Codes.
NetSuite gets the report values from your transactions, but some boxes may need you to enter data manually. It's important to save a PDF copy for your records, because NetSuite can't audit manually entered data. For information, see Generating VAT/GST Reports.
Review all the values in the reports. Click the values in the VAT report boxes to view more details. To see how NetSuite uses tax codes to get values for the Viet Nam VAT Return, see What goes into each box - Viet Nam VAT report.
The NetSuite VAT/GST tax form looks like the official tax form for user convenience, but it’s not meant to be printed and submitted to the tax agency.
You can also use customizable saved reports provided by the International Tax Reports SuiteApp to view both detail and summary reports for purchases or sales, grouped by tax code. For more information, see Sales and Purchase Reports Grouped by Tax Code.
Supplemental VAT Reports for Viet Nam
To generate the Input or Output Tax Reports:
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Go to Reports > VAT/GST > Tax Reports (International).
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If you're using a OneWorld account, select the Viet Nam subsidiary (or a subsidiary that has a Viet Nam nexus).
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Select the Viet Nam country form.
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Select a tax period.
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To generate the Declaration of Output VAT/Sales:
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Click Sales.
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Click Excel or PDF to download the file.
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To generate the Declaration of Input VAT/Purchases:
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Click Purchases.
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Click Excel or PDF to download the file.
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Each time you change a subsidiary, location, country form, or tax period, click Refresh.