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 law on personal income tax and the Government’s Decree No.65/2013/ND-CP elaborating a number of articles of the Law on Personal income tax and the Law on the amendments to the Law on Personal Income Tax, amended and supplemented by Subclause 6, Clause 11, Circular No. 92/2015/TT-BTC dated 15 June 2015 of the Ministry of Finance, profits from capital contributions to limited liability companies shall be subject to the Personal Income Tax.
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