Environment Protection Tax in Vietnam
The Law on Environment Protection Tax took effect from 1 January 2012.
Audit and Accounting for Vietnam company
Foreign-invested business entities are generally required to adopt the Vietnamese Accounting System (’VAS’).
Value-added tax (VAT) in Vietnam
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...
Tax Payer having permanent establishment in Vietnam
According to the Agreement between the government of the Government of Socialist Republic of Vietnam and the foreign countries (for example Government of Republic of France), a Tax Payer shall be considered as having permanent establishment in a Country if it has one of followings:
- A registered head office;
-...
Special Sales Tax (’SST’) in Vietnam
We would like to provide some information about Special Sale Tax and other taxes in Vietnam for you as follows:
Property Tax in Vietnam
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.
Corporate Income Tax for Foreign contractor in Vietnam
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...
Value Added Tax Refund for foreign contractor.
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...
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.
