Phantom Shares in Vietnamese Companies: Legal Consequences of Unpaid Capital

Scenario: Tech Company X was established by three members (A, B, and C) with a registered charter capital of 3 billion VND, divided equally at 33.3% each (equivalent to 1 billion VND per person). On the Enterprise Registration Certificate (ERC), all three are recorded as having fully contributed their capital. However, in reality, after six […]

Land Use Levy Rates for Residential Land Conversion

Question: I have a land parcel comprising residential land and an attached portion recorded as garden pond land or agricultural land within the same parcel. I intend to apply for conversion of that portion to residential land to regularize the land use purpose and proceed with related procedures. I would like to know the percentage […]

TAX OBLIGATIONS FOR INDIVIDUALS LEASING HOUSES

Question: I am currently an individual planning to conduct a house rental business. However, I am not clear about the applicable tax regulations that I am required to comply with. Therefore, I kindly request your Company to provide advice on the types of taxes that individuals engaged in house rental activities are required to pay […]

Consultation on Reporting Changes in Labor Usage

Question: My company has not submitted reports on changes in labor usage. What penalties could the company face? Answer: According to Clause 2, Article 8 of Decree No. 12/2022/ND-CP regarding violations in recruitment and labor management: “1. A fine ranging from VND 1,000,000 to VND 3,000,000 shall be imposed on an employer for any of […]

Consultation on New Tax Policy Changes for Household Businesses

Question: I am a household business owner and would like to know which new tax policies I should pay attention to in order to avoid penalties. Answer: Starting from 2026, with the removal of the presumptive tax regime and the shift to a declaration-based tax system, many household businesses will need to adjust to a […]

SUPPORTIVE GOVERNMENT POLICY

Attracting foreign direct investment (FDI) has always been a key part of Vietnam’s external economic affairs. Vietnam already has many comparative advantages and a strong

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ECONOMIC STRENGTH

Vietnam remains one of the fastest-growing Asian economies with high GDP growth in recent years, based on the power of FDI & the private sector.

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TAXATION & CUSTOMS

D.1 Corporate Income Tax (CIT) CIT rates One uniform income tax regime is applied to both foreign-owned and domestic companies.  Taxpayers are subject to tax

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FDI INCENTIVES

What are forms of investment incentives? Investment incentives are provided in the following forms: 1.1. lower tax rates for whole duration of investment term or

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Business cost

I-Starting a Business No. Procedure Associated Costs 1 Check the proposed company name; obtain a business registration certificate as well as a tax registration certificate

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