Under Vietnam Law, tax incentives are granted based on regulated encouraged sectors and difficult socio-economic locations.
SBLAW would like to provide some legal regulation about tax Losses in Vietnam as follows:
SBLAW would like to provide you some regulation of Transfer Pricing in Vietnam as follows:
SBLaw would like to provide some information about Tax Incentives in Vietnam as follows:
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 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.
Foreign-invested business entities are generally required to adopt the Vietnamese Accounting System (’VAS’).
The Law on Environment Protection Tax took effect from 1 January 2012.
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.
Natural resources tax is payable by industries exploiting Vietnam’s natural resources such as petroleum, minerals, forest products, seafood and natural water.