Personal Income Tax (’PIT’) in Vietnam
We would like to inform you some information about Vietnam PIT as follows:
Tax for FDI company in Vietnam
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...
Custom Duty for foreign contractor in Vietnam
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...
Corporate Income Tax in Vietnam applied for foreign company
We would like to provide you with infomation about the Cooperate Income Tax (CIT) in Vietnam as follows:
Land Tax for Foreign Contractor in Vietnam
The rental of land use rights by foreign contactor (FC) is in effect a form of property tax rather than land tax.
It is usually known as land rental and the range of rates is wide depending upon the location, infrastructure and the industrial sector in which the business is...
Withholding Tax 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.
Can we work in Vietnam as a foreign company, if yes are we liable to tax and how much?
: Under the WTO’s Commitment and Vietnam Law on Investment, this kind of investment form is called Cross Border Supply. Accordingly, foreign investor has right to supply a service from the territory of their own country into the territory of another country without setting up any commercial presence in that country.
Transfer Pricing in Vietnam
SBLAW would like to provide you some regulation of Transfer Pricing in Vietnam as follows:
Other liabilities of company to be complied during operation.
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...
Tax Incentives in Vietnam
SBLaw would like to provide some information about Tax Incentives in Vietnam as follows:
