The applicable taxes including value added tax (VAT), corporate income tax (CIT) and personal income tax (PIT). On August 6th 2014, the Ministry of Finance issued Circular No. 103/2014/TT-BTC guiding the implementation of tax obligations that are applicable to foreign organizations and individuals doing business in Vietnam or having incomes generated in Vietnam. Taxpayers: foreign … Read More
The Ministry of Finance is drafting a report submitting to the Government on the implementation of Resolution 35/2016 of the Government on a number of solutions to remove difficulties and tax obstacles for small and medium enterprises. Accordingly, the Ministry is expected to submit two plans to prepare for comments of the Parliament at the … Read More
Implementation of Agreement on ASEAN Japan Comprehension Economic Partnership (AJCEP) and Vietnam Japan Comprehension Economic Partnership (VJCEP), Ministry of Finance issued Circular No. 02 20/2012/TT-BTC and Circular No. 21/2012/TT-BTC dated 15.02.2012 giving instructions on the new special preferencial import tariff. Accordingly, from the date of Apr 1st, 2012, import tax of products such as electronics, refrigerators, … Read More
Foreign investors whom set up company in Vietnam always face challenges to understand the tax system in Vietnam. The below briefly explains type of taxes in Vietnam for regular enterprises. In special cases, foreign enterprises are suggested to consult with tax lawyers in Vietnam before establishment and during the operation to ensure compliance Major taxes which enterprises including both … Read More
Pursuant to the 1992 Constitution of the Socialist Republic of Vietnam, which was amended andsupplemented under Resolution No. 51/2001/QH10; The National Assembly promulgates the Law on Enterprise Income Tax. Chapter I GENERAL PROVISIONS Article 1.- Governing scope This Law provides for enterprise income taxpayers, taxable incomes, tax -exempt incomes, tax bases, tax calculation methods, and … Read More
International trade among countries bring great benefits to nations involved because of the competitive advantages each country would contribute; and international trade contributes to global efficiency. That is the general understanding. However, in reality, international trade could also be subject to disputes domestically or internationally. For example, when the buyer buys international cheaper products, concurrently … Read More
According to the Vietnam General Department of Taxation, when the Vietnam tax authorities identify those foreign workers in Vietnam, who are subject to Personal Income Tax (PIT) in Vietnam and foreign countries, but fail to declare tax, such foreign workers or foreign employee will be liable to the administrative sanctions on tax in Vietnam. Even … Read More
General Department of Taxation of Vietnam has recently issued official letter 3369/TCT-HTQT effective Aug 19th, 2014 guiding the procedures for certifying tax paid in Vietnam by foreign residents. Accordingly, pursuantto Article 44.5a, Chapter V, Circular No.156/2013/ TT-BTC dated Jun 11th, 2013 of the Vietnam Ministry of Finance, when a resident of a contracting country has … Read More
Taxation always takes a lot attention of both domestic and foreign investors, ANT Lawyers will update the new changes, provisions in tax issue. According to Honda Vietnam – the brand holds most market share, in 2012, the amount of motorbike consumption decrease eventually within this decade, reaches only 3.1 million units, decreases 7% compared … Read More
At ANT Lawyers, our tax consultants keep track of changes of Vietnam tax regulations to provide latest updates and best services to our Client. There have been significant supplements and adjustments on Vietnam Tax Law that has been promulgated and to be effective from Jan 1st, 2014. The aim of changes is to overcome the drawbacks … Read More
A
We are available at offices in central of Hanoi, Ho Chi Minh City and Da Nang that help cover through out Vietnam.
Tel: +84 24 730 86 529
Email: ant@antlawyers.vn
