Tax of the foreign enterprise in Vietnam


Question: How’s the government tax of the foreign enterprise in Vietnam? I mean the profit income tax.


If I run the business and setting up pirvate company(farm) in Vietnam, In additon of the company profit tax, should I need to pay the personal income tax? It means I need to pay twice different tax to government


Answer: Under the tax law in Vietnam, profit income tax under Vietnam Law is from 20-25%.


Personal income tax shall be applied to your personal income such as wage or dividend as paid by your Company in Vietnam.


Thus, if you pay the dividend for you from profit of company, such amount shall be subjected to Personal Income Tax despite of that your company has already paid Profit Income Tax.