Under the Dispatch No. 3835/TCT-CS of General Department of Taxation dated 01/11/2012, the equity transferring of foreign entities are regulated as follows:

– In case the foreign entity, which contributing capital in the Vietnamese company, transfers capital to abroad parent company, this entity must pay CIT for equity transferring if arising income.

– In case the transferee is the foreign entity not operating under the Vietnam Investment Law and the Enterprise Law, the Vietnamese company is responsible to declare and pay CIT for equity transferring under the law on behalf of that foreign entity.

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