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With its favorable geographic location at the heart of Southeast Asia, Vietnam stands as an ideal destination for foreign direct investment (FDI) and multinational corporations seeking to access and expand their footprint in the Asia-Pacific market. Recent shifts – particularly those taking effect after 1 July 2025 – ranging from administrative and geopolitical restructuring to […]
On 10 December 2025, Vietnam National Assembly has passed Law on Personal Income Tax 2025 with certain prominent changes. One noticeable of those is to reduce the number of tax brackets from seven (7) to five (5) applicable on assessable income to calculate PIT. The top rate of 35% remains unchanged and applies on income […]
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 […]
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, […]
[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: […]
Doing business in host country involves with statutory compliance, where the enterprise is required to fully comply with periodical filings and submitting tax returns. Compliance Calendar is designed and aims to provide deadline of statutory report. Based on set schedule, the company can arrange for tax filings and submission on time in year 2025. Download […]
Doing business in host country involves with statutory compliance, where the enterprise is required to fully comply with periodical filings and submitting tax returns. Compliance Calendar is designed and aims to provide deadline of statutory report. Based on set schedule, the company can arrange for tax filings and submission on time in year 2024. Download […]
Positive news from Vietnam Government pertaining to VAT rate that it reduces from 10% to 8%, applied for the period from 1 July 2023 to 31 Dec 2023. 8% VAT is applied for all goods and services, EXCEPT: Telecommunications Finance, banking, insurance and securities related service Real estate business Prefabricated metal and metal products, mining […]
OVERVIEW OF CORPORATE INCOME TAX IN VIETNAM Corporate Income Tax (CIT) is a kind of direct tax, imposed on assessable income deriving from business activities of providing goods & services from the Company to its customer. TAXPAYER CIT taxpayer are organizations engaging in production and trading of goods or in provision of services with taxable […]
Value-Added Tax (a.k.a VAT) is a kind of tax indirectly applying on goods and services (including goods and services purchased from organizations and individuals overseas) used for the purposes of production, trading and consumption in Vietnam. DEFINITION VAT taxpayers shall be organizations and individuals producing and trading VAT taxable goods and services in Vietnam, regardless […]