Taxation in Vietnam

Foreign Contractor Withholding Tax ('FCWT') applies to payments of interest, royalties, licence fees, foreign contractors’ fees, cross-border leases, insurance/reinsurance, airline and express delivery charges to a foreign entity.

Import duty exemptions are provided for projects which are classified as encouraged sectors and goods imported in certain circumstances. In line with the Law on investment (Article 33.3), machinery and equipment, specialized means of transportation and construction materials (which cannot be produced in Vietnam) for use as the fixed assets...

Question: How to calculate the Personal Income Tax Rate applicable for resident tax payer in Vietnam?   Answer: SBLAW would like to brief the progressive Personal Income Tax Rate applicable for resident tax payer in Vietnam as follows:   Income (A)                        ...

The withholding taxes in the table be affected by relevant DTAs. For example, the deemed CIT on foreign contractors may be eliminated or reduced through a relevant DTA.

We would like to provide you with infomation about the Cooperate Income Tax (CIT) in Vietnam as follows:

Land in Vietnam is owned by the State, meaning that users of land are required to acquire or rent land use rights from the government.

Regarding to tax, after setting up the company, FDI company shall have to pay following tax: - Business License Tax: It is from 50USD-150USD/one year. Tax Rate shall very much depend on investment capital amount registered by your Company in Vietnam. - Corporate Income Tax: From 20-22% of profit of your...

Under Vietnam Law, tax incentives are granted based on regulated encouraged sectors and difficult socio-economic locations.

Foreign constructor is entitled to choose one of two incorporate tax regimes available under Vietnam Law., i.e. (i) Paying Corporate Income Tax according to declared revenue and expense which is similar to tax regime applicable to domestic enterprises and (ii) Paying Corporate Income Tax according to fixed rates which...

We would like to provide some information about Special Sale Tax and other taxes in Vietnam for you as follows: