Other Briefings
Vietnam’s Foreign Contractor Tax – 3 Ways to Calculate FCT
Foreign investors doing business in Vietnam should be aware of the Foreign Contractor Tax and the three options to calculate FCT based on the investment and size of the project.
Vietnam’s Transfer Pricing Regulations – Compliance Strategies
Vietnam’s transfer pricing regulations and complying with them are crucial for foreign entities operating in Vietnam. Vietnam Briefing discusses the key highlights and procedures to be compliant.
Vietnam Announces Corporate Income Tax Reduction Plan
Vietnamese Prime Minister, Nguyen Xuan Phuc, has announced plans to reduce Vietnam’s corporate income tax (CIT) in a recent speech at the GMS Business Summit. Read more for details and analysis on the announcement
Vietnam Proposes Higher Environmental Protection Taxes
Vietnam proposes higher environmental protection taxes on oil and petroleum products from July 1, 2018, to offset decreasing import tax revenues due to tariff commitments. Read more to know about the tax hikes and its effect on the economy, government revenues, and environment.
Vietnamese Firms Shifting to E-Invoices
Vietnamese firms are shifting to e-invoices to minimize cost and reduce administrative burden. Further changes are proposed to make it mandatory for all firms in 2018. Read more to know about the transition to e-invoices, advantages for firms and tax authorities, and proposed changes for 2018.
Tax Incentives for Foreign Investment in Vietnam
Vietnam’s tax incentives, while attractive on paper, can present challenges to investors unfamiliar with the country’s legal system. Investors need to be aware of the incentives that Vietnam offers and the requirements that they will face when they apply for these incentives.
New Inspection Regime for Foreign Owned Enterprises
Vietnam is introducing a new inspection regime for foreign-invested enterprises (FIEs). The decision aims to reduce malpractices by existing FDI firms. Read more to know the different government agencies involved and the inspection scope.
Vietnam: Transition from Paper Invoices to E-invoices
Vietnam will replace paper bills with electronic invoices from the start of 2018. Although the transition will be initially challenging, e-invoices will reduce the burden on enterprises and increase efficiency. Read more to understand the implementation timeline, benefits of e-invoices, and challenges facing the government and businesses.
Vietnam Proposes Numerous Tax Hikes
Vietnam proposes to increase Value Added Tax, Special Consumption Tax, Corporate Income Tax, Personal Income Tax, and Natural Resources Protection Tax to increase tax contributions and reduce public debts. Read more to understand as to why the government is pushing for an increase, reactions of the business community, and the new proposed rates.
Vietnam Seeks to Tax Facebook Retailers
Tax officials in Vietnam are set to tax online retailers selling through social network platforms. Read more to understand how the tax will impact online sellers on social networking platforms, tax obligations, and challenges faced by the authorities.
