Taxation in Vietnam

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...

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

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

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.

The Law on Environment Protection Tax took effect from 1 January 2012.

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.

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

SBLAW would like to provide you some regulation of Transfer Pricing in Vietnam as follows:

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...

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...