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...

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.

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...

After receiving the Investment Certificate, the FDI company should consider the following liabilities of company to be complied during operation. 1 Taxation: Under the Vietnam Law, following taxes may affect to the Company and foreigner working for the Company in Vietnam: -  Corporate Income Tax which is levied on the taxable...

We would like to provide you with some information about VAT in Vietnam as follows: Scope of application Value-added tax (’VAT’) applies to goods and services used for production, trading and consumption in Vietnam (including goods and services purchased from abroad). In each case the business must charge VAT on the...

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

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

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

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

SBLaw would like to provide some information about Tax Incentives in Vietnam as follows: