New regulation on amending the company income tax preferences
On November 15, 2012, Ministry of Finance issued Circular No. 199/2012/TT-BTC guiding the implementation of the Decree No. 122/2011/NĐ-CP dated 27/12/2011 on amending the company income tax preferences for companies being enjoyed the company income tax incentives by meeting the conditions on the export rate which are terminated by meeting the conditions on the export […]
Foreign entities must pay the Company Income Tax (CIT) for equity transfer operation.
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 […]