Other Briefings
Commercial Housing Receives VAT Incentive
HANOI – A new circular released by the Ministry of Finance will reduce the tax burden on the sale and lease of homes and apartments within Vietnam, providing a boost to the country’s commercial housing sector. Circular No. 141/2013/ND-CP will implement a 50 percent reduction in the value-added tax (VAT) applicable to the sale or […]
Introduction to Corporate Income Tax in Vietnam
HANOI – Many first and second tier suppliers, including small to medium-size enterprises, are prioritizing their investments into Vietnam, acting on the business potential that it holds for companies involved in a larger supply chain providing goods and services to manufacturing hubs in Asia. It is thus increasingly important to understand the taxes which Vietnam […]
Vietnam Tightens DTA Rules to Crack Down on Treaty Shopping
Vietnam has recently released a circular on anti-treaty shopping rules. This new circular amends the existing circular 133/2004, which was on the matter of double taxation agreements (DTA) with other countries. The new circular seeks to prevent companies from using the DTA as a way to circumvent taxation.
Vietnamese Businesses to Benefit from Increased Credit
Nov. 4 – The State Bank of Vietnam, which has sought to boost the economy through loosening the country’s credit policies, will allow commercial banks to increase their loans by up to 20 percent through the end of this year – a move that will benefit companies that are positioned to take advantage of the […]
Personal Income Tax in Vietnam: Tax Exemption, Reduction & Payment
HANOI – As major businesses continue to prioritize investment into Vietnam as a strategy to diversify sourcing options and supplier portfolios outside of China, it is increasingly important to understand not only how businesses are taxed in Vietnam, but also individuals. Continuing our coverage of personal income tax (PIT), this article will examine exemptions, reductions […]
Business License Tax in Vietnam
Oct. 2 – Business license tax (BLT) is an indirect tax imposed on entities that conduct business activities in Vietnam and are paid by the enterprises themselves on an annual basis. All companies, organizations or individuals (including branches, shops and factories) and foreign investors that operate businesses in Vietnam are subject to BLT charges, and […]
Valued-added Tax in Vietnam: Filing, Payment and Refund
Oct. 1 – Pursuant to the prevailing regulation on Vietnamese tax management, the taxpayer must submit monthly valued-added tax (VAT) returns and settle tax payments on or before the 20th day of the following month in localities where they conduct production or business. Furthermore, in specific situations, business establishments that pay VAT according to the […]
New Issue of Vietnam Briefing: Manufacturing in Vietnam to Sell to ASEAN and China
In this issue of Vietnam Briefing Magazine, we introduce our readers to manufacturing in Vietnam as a key part of their business strategy within the ASEAN region and beyond. Specifically, we explain the new ASEAN Free Trade Area, outline what foreign investors can look forward to when creating their manufacturing presence in the country, and introduce the country’s key tax points.
Vietnam Opens First Ever UCITS Equity Fund
Sept. 25 – This week, Ho Chi Minh City-based firm Dragon Capital launched the first Undertakings for Collective Investment in Transferable Securities (UCITS) equity fund ever to exist in Vietnam to give foreign investors further access to Vietnam’s fast growing market. UCITS refers to the directive that was originally undertaken by the European Union to […]
Calculating Value-added Tax in Vietnam
HANOI – On June 3, 2008, the National Assembly passed the Law on Value-added Tax (VAT), which became effective from January 1, 2009. The VAT Law imposes tax on the value added to goods and services arising in the process of production, distribution and consumption in Vietnam, including goods and services purchased from abroad. All […]
