More Tax Breaks Available for Foreign Experts
Oct. 22 – A new circular extends tax breaks and benefits available for foreign experts implementing projects in the country using official development assistance (ODA) effective November 20.
The new rule includes relaxing visa policies for foreign experts and their family in addition to an import tax exemption on personal assets for experts residing in the country for more than 183 days not including automobiles and motorbikes.
According to Vietnam News, foreign experts are qualified for an exemption in personal income tax on income earned from ODA-funded projects. Vietnam has also decided to exempt foreign ODA experts from registering professional licenses and submitting work permit requirements.
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