New points in Circular 40/2021/TT-BTC/2021 / TT-BTC on taxation with households business and individuals

On June 1, 2021, the Ministry of Finance issued Circular 40/2021//TT-BTC (“Circular 40”) guiding value-added tax (“VAT”), personal income tax (“PIT”) and tax administration for households business and individuals. Compared with the previous regulations, Circular 40 has the following new points: 1. Supplementing many incomes subject to VAT and PIT: Circular 40 supplements a number […]

tax advice in vietnam

Tax apply to dividend pay

Question: We are a Joint Vienture in Vietnam and please advise the tax apply to dividend pay incase our company pay dividend to Vietnamese owner and Foreign owners.  Answer: According to the Point c, Subclause 3, Clause 2, Circular No. 111/2013/TT-BTC dated 15 August 2013 of the Ministry of Finance on the implementation of the […]

Legal need in vietnam

Tax incentive in Vietnam

Question: We are FDI company in Hoai Nhon district, Binh Dinh province and is located in the area where we may have the tax incentive, we are expecting to apply for the Tax incentive Could you consult us any way to apply for that following the guidance from Government? Answer: SBLAW would like to advise […]

CIT payable of the year 2020 for enterprises

It is the content of Decree No. 114/2020/ND-CP guiding the implementation of Resolution No. 116/2020/QH14 on reduction of payable corporate income tax (CIT) in 2020 for the enterprises, cooperatives, public service providers and other organizations (collectively known as enterprises). Accordingly, reduce 30% payable CIT of CIT assessment period in 2020 for the enterprises whose total […]

Advice on the differences in tax incentives or benefits between IP and IZ

Question: Hi SB Law! I am Chinese and I am going to have an investment project in Vietnam next year. Therefore, I would like to know the differences in tax incentives or benefits between IP and IZ? Answer: Thank you for your inquiry. SB Law would like to answer your question as follows: Relating to […]

tax advice in vietnam

Tax apply to dividend pay

Question: We are a Joint Vienture in Vietnam and please advise the tax apply to dividend pay incase our company pay dividend to Vietnamese owner

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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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