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Strictly controlled by State Bank of Vietnam (SBV), engaging foreign loan require Vietnam party to comply with statutory reporting. Of which, monthly loan report is submitted online via SBV portal. Due date is 5th date of current month for the previous month. HOW TO REGISTER ACCOUNT FOR LOAN REPORTING Step #1 Register account online via […]
Personal Income Tax (PIT) is withheld from the income earned by the employee in Vietnam from providing works under labor contract or agreement. PIT is calculated on accessible income with progressive rate from 5% to 35% or by flat rate at 10%, depending on each type of employment. For non-tax resident, flat rate 20% is […]
Threshold of Compulsory Social Insurance in Vietnam Compulsory SHUI scheme in Vietnam includes three key elements, in particulars: 🔷 Social Insurance (SI) 🔷 Health Insurance (HI) 🔷 Unemployment Insurance (UI) Threshold of SI & HI contribution is 20 times of “referral salary” i.e. VND 46,800,000 (equivalent to USD1,800). From 1 Jul 2025, referral salary (RS) […]
Operating in a host country requires strict statutory compliance, including timely filings and tax return submissions. A Compliance Calendar outlines statutory reporting deadlines, enabling companies to schedule tax filings and submissions efficiently for the fiscal year 2026. Download PDF file
An invoice (sometimes called a VAT or “Red Invoice”) is key for accounting and tax reporting in Vietnam. Using e-invoices makes storage easier by allowing digital files instead of paper copies. With effective from 1 July 2022, all Vietnam-based enterprises are require to use electronic VAT invoice in daily operation. Paper invoice is no longer […]
Full compliance with regulations in host countries can reduce bureaucratic processes and penalties, demonstrate a commitment to development, and help establish a positive workplace for employees. One notable point of ongoing compliance when doing business in Vietnam is contributing Social Insurance (SHUI) on monthly basis once the employment is officially engaged via employment contract. Compulsory […]
Pursuant to Article 76, 77, 78, 81, Circular 80/2021/TT-BTC dated 29 Sep 2021 guiding relating Tax Administration, Ministry of Finance (MOF) promulgate the procedure for foreign/overseas vendors/suppliers to register tax declaration in Vietnam. Moving forwards, overseas vendors can directly declare tax, calculate tax obligation; and settle tax liabilities to Vietnam State Budget. Upon registering successfully, […]
Pursuant to Article 73, 75, 76, Circular 80/2021/TT-BTC dated 29 Sep 2021 guiding relating Tax Administration, Ministry of Finance (MOF) promulgate the procedure for foreign/overseas vendors/suppliers to register tax declaration in Vietnam. Certain conditions of foreign vendors (who register tax declaration on the Web Portal of Vietnam Tax Department) Do not have permanent establishment in […]
Input the presence in Vietnam market by either establishing a company or other investment vehicles is an important step for many foreign investors, and hopefully the beginning of a successful business undertaking. Considering the context of Vietnam’s economic development, the ever-increasing growth of enterprises continues to demand capital to serve their business. Funding through foreign […]
[Update 2026] Positive news from Vietnam Government that VAT 8% continue to apply from 1 July 2025 to 31 Dec 2026, promulgated under Resolution 174/2024/QH15 of Vietnam National Assembly. The Government issue Decree 174/2025/ND-CP guiding VAT rate reduction. 📆 Basically, 8% VAT is still applied to all goods and services for next 12-month period, EXCEPT: […]