Transcript

Welcome to Linking Backwards to Move Forwards! Let’s begin this lesson with a quick exercise. On your screen, you’ll see a passage from an advice memo received by a client. What’s wrong with it?

The current regulations make it clear that cash support received by charitable organizations in Vietnam is not subject to the value-added tax (VAT). There is no regulatory guidance on the VAT treatment of aid funds received by foreign organizations. Aid contributed by local donors to a local bank...