In this Q&A with Thang Vu, Tax at Dezan Shira & Associates, we look at PIT obligations of employers and employees, including deadlines to finalize PIT.
Vietnam Briefing outlines personal income tax regulations including submission deadlines, tax rates, and tax residency status.
Feb. 7 – On January 15, the Vietnam General Department of Taxation issued Official Letter 187/TCT-TNCN (OL187) to provide guidance on the finalization of personal income taxes (PIT). Some of the key updates can be found below. 183 Day Rule Foreigners who work in Vietnam do not have to pay PIT if they spend fewer […]
Feb. 5 – One of the simplest and most common ways for foreign businesses to develop a presence in a potential market is to open representative offices (ROs). As the legally permissible business lines for ROs differ from foreign-owned entities (FOEs), namely that ROs are not allowed to directly conduct profit-generated business activities, the annual […]
On June 21, the 8th National Assembly of the Socialist Republic of Vietnam approved Resolution No. 29/2012/QH13, aiming to introduce a number of tax policies in order to “resolve difficulties for organizations and individuals.”