New rate of corporate income tax in Vietnam
The Circular 141/2013/TT-BTC of Ministry of Commerce, which comes into effect from November 30, 2013, states that the companies established under Vietnam’s law, including cooperatives, public service agencies of which annual revenues does not exceed 20 billion VND shall enjoy corporate income tax rate of 20% from July 01, 2013. The new companies that are […]
Personal Income Tax in Vietnam
SBLaw would like to provide a brief of Personal Income Tax (PIT) in Vietnam for businessman’s reference: 1. Tax Residency Residents are those individuals meeting one of the following criteria: • residing in Vietnam for 183 days or more in either the calendar year or the period of 12 consecutive months from the date of […]