THE CRITERIAS TO DEFINE A TAX RESIDENT IN VIETNAM

A tax resident in Vietnam is defined as someone: – Residing in Vietnam for 183 [...]

TAX POLICY FOR THE CASES WHICH FOREIGN CONTRACTORS MEET THE CONDITIONS TO DECLARE DIRECTLY WITH THE TAX AGENCY

– In accordance with the Ministry of Finance’s Circular No. 103/2014/TT-BTC, published August 6, 2014, [...]

PIT POLICIES ON THE EXPENSES FOR MAKING TEMPORARY RESIDENT CARD (TRC), VISA, WORK PERMIT FOR FOREIGN STAFF

– Pursuant to Article 2 of Circular No. 119/2014/TT-BTC dated August 25, 2014 amending and [...]

REGULATIONS ON RETAIL LICENSE FOR FOREIGN INVESTMENT COMPANIES IN VIETNAM

When foreign investors invest in Vietnam, in addition to investment conditions and procedures, they must [...]

REGULATIONS ON TAX DECLARATION TO BE NOTED FOR COMPANIES THAT ARE TEMPORARILY SUSPENDED

Decree 126/2020’s Article 4 states the following: “2. During the time taxpayer’s operations are suspended: a) [...]

POLICY ON PERSONAL INCOME TAX (PIT) RELATED TO BROKER COMMISSIONS FOR INDIVIDUAL

In accordance with the Ministry of Finance’s Circular No. 111/2013/TT-BTC, dated August 15, 2013, directing [...]

REGULATIONS ON COMMITMENT FORM TO BE PROVIDED TO INCOME PAYER FOR NOT DEDUCTING 10% PERSONAL INCOME TAX

Pursuant to Point i, Clause 1, Article 25 of Circular 111/2013/TT-BTC, there are relevant regulations [...]

TAX POLICY FOR PAYMENTS MADE TO FOREIGN EMPLOYEES AT THE TERMINATION OF LABOR CONTRACT IN VIETNAM

Pursuant to Clause 2, Article 2 of Circular No. 111/2013/TT-BTC dated August 15, 2013 of [...]

POINTS TO BE NOTED ABOUT SEVERANCE ALLOWANCE IN VIETNAM FROM 2021

According to Article 46 of the 2019 Labor Code, the following situations are qualified for severance pay: [...]

SOME NOTABLE POINTS REGARDING COMPANY’S FOREIGN LOAN IN VIETNAM

For the interest rate, under the applied regulation Circular No. 12/2014/TT-NHNN on conditions for foreign [...]

THE MUST-HAVE DOCUMENTS WHEN RENEWING LICENSE FOR FOREIGN TRADERS’ REPRESENTATIVE OFFICE (R.O.) IN VIETNAM

In practice, the following documents must be ready when renewing a foreign trader’s R.O.’s license (as [...]

TAX POLICY ON PERSONAL INCOME FROM FOREIGN COUNTRIES (PAID BY OVERSEAS ORGANIZATIONS)

According to Vietnam’s current regulations, specifically: * Circular No. 111/2013/TT-BTC from the Ministry of Finance, [...]

NOTICEABLE POINT TO APPLY 0% VAT IN VIETNAM FOR EXPORTED SERVICES

I. Regulation to be applied: – Article 9 Circular 219/2013/TT-BTC dated December 31, 2013 of [...]

COMPLIANCE CALENDAR 2022 FOR COMPANY IN VIETNAM

VNC Consulting would like to summarize the Company-in-Vietnam Compliance Calendar 2022 for reference purpose: Download [...]

LICENSING SERVICES (TO OPEN A FOREIGN COMPANY) IN DA LAT CITY – VIETNAM

Our Scope of work (SOW) in Da Lat City: I. Do the Company Licenses Registration [...]