[Vnbiz] VAT treatment Vietnamese overseas branch

[Dieu Linh]

Dear anh Hoanh

Thank you very much for your kind reply for some taste
of sales tax in US.

You are right that the Company should go to tax
advisor for the accurate answer.

Best regards

Linh
--- Tran Dinh Hoanh <tdhoanh at gmail.com> wrote:

> 
> [Vietnam Business Forum]
> 
> 
> 
> Dear chi Dieu Linh,
> 
> I don't know anything about the UK, but here is the
> answer for the US.
> 
> The US doesn't have VAT (value added tax).   It has
> sales tax, which
> is a percentage of the retail price.
> 
> Say, if you are a clothing seller, you will have a
> sales permit from
> your state, say, Virginia. This permit will allow
> you to buy clothing
> from a manufacturer without sales tax.  When you
> sell you a retail
> customer, you will have to collect from the customer
> sales tax (5% in
> Virginia) and at the end of the month you send to
> the State
> (Department of Taxation) all the sales tax you have
> collected during
> the month.
> 
> But, please keep in mind that taxation depends a lot
> on (1)  the kind
> of business you are in and (2) the location where
> company is doing
> business.  You need to let the tax advisor know what
> business you plan
> to open where, before you may have a more accurate
> answer on tax.
> 
> Great day, Dieu Linh & All.
> 
> Hoanh
> 
> On 10/27/06, Dieu Linh <caodieulinh23 at yahoo.com>
> wrote:
> >
> > [Vietnam Business Forum]
> >
> >
> >
> > Hi all
> >
> > My friend's Vietnamese Company plans to establish
> its
> > branch in UK and US. She is looking for
> information on
> > invoice and VAT treatment for this branch in UK
> and
> > US.
> >
> > I am not UK and US tax expert and not confident
> > evaluating information from Google. It would be
> great
> > if I got some clues from CACC.
> >
> > Appreciate any help from you!!!
> >
> > Have a good weekend
> >
> > Linh
> >
> >
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> 
> 
> -- 
> Tran Dinh Hoanh, LLB, JD
> Attorney of Law
> Washington DC
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