Optimise your taxes & boost business profitability.
We understand tax strategy, the Vietnam context and international expectations. We work reliably to help you fit your Vietnam operation into a regional or global operation through the following means:
Vietnam’s tax procedures are not only time-consuming, but also opaque and constantly changing. We provide extensive assistance with Vietnamese tax obligations and requirements for entities operating in Vietnam, and those seeking to enter Vietnam.
Single point of contact
From tax advisory and strategy development, through to ongoing monthly and quarterly compliance, our tax services team is experienced in understanding needs, developing corporate solutions, and delivering a managed risk tax strategy in Vietnam.
Our regular publications will keep you informed of the latest developments in Vietnam taxation — from the European Union Vietnam Free Trade Agreement (EVFTA), official letters released by tax authorities, through to Vietnam Tax Administration Law.
Can a foreign individual claim tax refunds in Vietnam?
Yes. Foreign individuals can claim tax refunds. VAT refunds are also available for taxpayers whose VAT credits exceed VND300 million for export activities and for companies with new projects that adopt the Credit Method.
How much tax does a foreign individual pay in Vietnam?
The Personal Income Tax (PIT) in Vietnam will be based upon an individual’s tax residency status. Employment income is generally subject to varying progressive rates, with other income subject to fixed tax rates. Depending on an individual’s monthly taxable income bracket, the PIT rate can range from 5% to 35% if you are a tax resident. The PIT rate for a non-tax resident is at 20%.
How much is VAT in Vietnam?
Goods and services declared under the Credit Method have a VAT rate that can range from 0% to 10%. VAT exemptions also apply. Goods and services declared under the Direct Method have a VAT rate of 1% to 5%.