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Reduction of tax rates for import from Japan and ASEAN countries

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

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How to Declare VAT for Foreign Contractors in Vietnam

Foreign Contractors are subject to tax for their income in Vietnam. On February 11, 2015, the Ministry of Finance signed the Decision No. 274/QD-BTC on publishing amendments and supplements of administrative procedures in the tax management under the Ministry of Finance’s authority. Under this Decision, procedures of declaring tax for foreign contractors, foreign sub-contractors paying … Read More

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What Foreign Investors Need to Know About Taxes in Vietnam

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

Law on enterpries income tax

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

Why Foreign Workers Should Declare Personal Income Tax (PIT) in Vietnam

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

Certified PIT Paid for Foreign Tax Residents in Vietnam

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

Income tax for foreigners working in Vietnam

A foreign individual is determined to have the tax resident in Vietnam if it meets one of the following conditions: Have been in Vietnam for 183 days or more in one calendar year or within 12 consecutive months, counted from the first day in Vietnam. The number of days stayed in Vietnam is based on the individual … Read More

New guidelines on Vietnam tax laws on VAT refund for exporters

ANT Lawyers – new guidelines on Vietnam tax laws have been issued by Vietnam Ministry of Finance.  The Circular 65/2012/TT-BTC provides guidance on VAT regulations for trading enterprises. This provisions lay down that the monthly VAT refund will not be applied on enterprises that are only trading of goods and services for export but will … Read More

Official Letter 181/TCT-CS to dated January 15th 2013 of the Genreral Department of Taxation on the implementation of the Law on Special Consumption Tax

Official Letter 181/TCT-CS to dated January 15th 2013 of the Genreral Department of Taxation on the implementation of the Law on Special Consumption Tax Accordingly, from January 1st 2013, the tax rate for alcohol from more than 20 degrees and beer is of 50% (formerly 45%). Tax Departments will propagate to the enterprises trading the above items … Read More

Official letter 187/TCT-TNCN of the General Department of Taxation on the guidance to finalize the personal income tax (PIT) for the year 2012

Official letter 187/TCT-TNCN of the General Department of Taxation on the guidance to finalize the personal income tax (PIT) for the year 2012 The personal income which is less than or equal to 5 million VND/month will be exempted from PIT in the last 6 months, this income is calculated by the total taxable income of … Read More

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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