New Issue of Vietnam Briefing: Tax and Foreign Exchange Control

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Mar. 22 – In this new issue of Vietnam Briefing, we discuss the issues of tax and foreign exchange control.

Tax finalization is compulsory for foreign invested enterprises in Vietnam, so we look a little deeper into the procedures for corporate income tax and personal income tax, including documentation, deductible expenses, carrying losses forward, and allocation between headquarters and subsidiaries.

We also discuss the two value-added tax calculation methods – the credit method and the direct method – and the invoice, filing, and refund requirements for each.

Finally, an issue of paramount concern of all foreign investors entering into Vietnam: foreign exchange control. What are the details of transferring capital in and out? Which of the four types of bank accounts available to an FIE do you need? How do you go about borrowing and paying back foreign loans? This article answers these three questions.

Professional Service_CB icons_2015RELATED: Dezan Shira & Associates’ International Tax Planning Services

In this issue:
Annual Tax Finalization for Corporate Income Tax and Personal Income Tax
Value-Added Tax Payment Details
Foreign Exchange Control: Moving Capital In and Out of Country; Borrowing and
Paying Loans; Understanding Currency Exchanges

This issue is available as a PDF download in the Asia Briefing Bookstore.