Question: Are there any tax obligations in Vietnam when transferring the capital contribution back to our company in South Korea? If so, what are the applicable tax rates and how are they determined? Answer: Since Company A must fulfill all its tax obligations to the competent authorities before completing the dissolution process, the remittance of […]

Question: Dear Lawyer, My company only registered for the normal trading business, we will soon have a partner who wants to buy goods from abroad, but when checking the tax system, the status is "not registered for import-export". Do we need to register for the import-export business? If we do not register in time, will […]

Question: Purchases of Finished Goods/Semi Finished from China, what is the import duty or VAT etc ? We are under ATIGA right ? Can check and advise ? Answer: While Vietnam and China are both members of the ASEAN-China Free Trade Area (ACFTA), ATIGA specifically relates to ASEAN member countries. Therefore, ATIGA does not apply […]

Question: Purchases of Finished Goods/Semi Finished from Malaysia, what is the import duty or VAT etc ? We are under ATIGA right, so rightfully it shall be duty free and VAT at nil? Answer: Vietnam and Malaysia are members of the ASEAN Trade in Goods Agreement (ATIGA). Under ATIGA, goods traded between ASEAN member states […]

Question: Sales to overseas/export, is it VAT is ‘nil’ ? Answer: Yes, goods and services exported from Vietnam are subject to a 0% VAT rate (often referred to as "VAT nil") Exported goods include: - The goods exported to other countries, including those under entrustment contracts; - The goods sold to free trade zones as […]