Foreign entities must pay the Company Income Tax (CIT) for equity transfer operation.
Under the Dispatch No. 3835/TCT-CS of General Department of Taxation dated 01/11/2012, the equity transferring of foreign entities are regulated as follows: - In case the foreign entity, which contributing capital in the Vietnamese company, transfers capital to abroad parent company, this entity must pay CIT for equity transferring if arising income. - In case […]