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It is undeniable that accounting is one of the most important aspects for every business regardless of the size (large organization or SMEs). It is crucial to have accurate and fair accounting records to keep track of your corporate activities. However, these tasks can, in reality, be extremely challenging and resources consuming especially for business owners, who normally lack expertise in accounting and financial field.

In order to do business while abiding with Vietnamese Law, business owners are required to have some knowledge about VAT (Value Added Tax). According to the VAT Law, the tax will be imposed on the value added to goods and services emerging from the process of production, distribution and consumption in the country. The VAT law is also subjected to goods and services overseas.