Viet Nam VAT Report

If you have a Viet Nam subsidiary and nexus and you have the International Tax Reports SuiteApp installed in your NetSuite account, you can generate the following reports:

• Viet Nam VAT Return (Form 01 GTGT)

• Declaration of Output VAT/Sales (Form 01-1)

• Declaration if Input VAT/Purchases (Form 01-2)

Important:

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 in the form may require you to enter data manually. It is important that you save a PDF file of the report for your own records because NetSuite cannot audit manually entered data. For information, see Generating VAT/GST Reports.

You should review all the values in the reports. You can click the values in the boxes of the VAT report to view drilldown details. To understand how NetSuite uses the tax codes to get the values for the Viet Nam VAT Return, see What goes into each box - Viet Nam VAT report.

Important:

The NetSuite VAT/GST tax form is designed to look like the official tax form for ease of use, but it is not intended to be printed out for submission to the tax agency.

Note:

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:

1. Go to Reports > VAT/GST > Tax Reports (International).

2. If you are using a OneWorld account, select the Viet Nam subsidiary (or a subsidiary that has a Viet Nam nexus).

3. Select the Viet Nam country form.

4. Select a tax period.

5. To generate the Declaration of Output VAT/Sales:

   1. Click Sales.

   2. Click Excel or PDF to download the file.

6. To generate the Declaration of Input VAT/Purchases:

   1. Click Purchases.

   2. Click Excel or PDF to download the file.

Important:

Each time you change a subsidiary, location, country form, or tax period, click Refresh.

Related Topics

• VAT and GST Reporting Overview
• International Tax Reports
• Generating VAT/GST Reports
• International Tax Reports Best Practices
• Viet Nam Tax Codes
• What goes into each box - Viet Nam VAT report

General Notices