Taxation in Vietnam

Q: What does the term "Withholding tax" mean in practice?  I.e. which are the consequences of this? A: Withholding tax in practice shall mean Corporate Income Tax and Value Added Tax applicable to foreign company not having representation in Vietnam. For real estate management service, the VAT applicable to foreign company not having...

Foreign-invested business entities are generally required to adopt the Vietnamese Accounting System (’VAS’).

Natural resources tax is payable by industries exploiting Vietnam’s natural resources such as petroleum, minerals, forest products, seafood and natural water.

On July 08, 2017, the Government issued the Decree No. 114/2016/ND-CP on  adoption  registration  fees,  fees  for issuance of operation licenses of inter-country adoption agencies. In  accordance  with  the  Decree,  amount  of  domestic adoption registration fee:  VND  400,000/case; amount of adoption registration fee collected from Vietnamese people residing in foreign...

Question: I am currently working for a foreign based company established in Vietnam, a subsidiary of Hongkong company. We already established since early 2012, but in the meantime we still need many things to catch up for our legal and tax as we don't have this department to help...

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.

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

Question: Hi I am importing playing cards for casino. May I know how much is the taxes charges. Custom taxes Sales tax Special sales tax is there vat on the above please let me know Answer: Under Vietnam Law, playing card shall subject to following tax: - Import duty: Depending on origin of goods and HS Code applicable...

Under Vietnam Law, only when foreign contactor (FC) selects the option of Paying Value Added Tax according to declared revenue and expense and is classified to one of following cases as stipulated at the Article 8 of The Circular No. 219/2013/TT-BTC dated 31 December 2013 of the Ministry of...

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...