Foreign Contractor Withholding Tax in Vietnam
The Foreign Contractor Withholding Tax applies to certain payments by a Vietnamese contracting party to foreign parties earning income from Vietnam without setting up a legal entity in Vietnam.
Vietnam: “Royalty” fees for imported goods
On 23 August 2022, the General Department of Customs issued the Official Letter No. 3489/TCHQ-TXNK with new guidance on the declaration of royalty for imported goods.
Global Customs Newsletter #1/2023
News on trade and customs developments from all over the world
Post-pandemic Asia Pacific: Taxation fast lanes and speed bumps
Post-Covid Asia Pacific recovery promises new opportunities for businesses. However, the need to replenish coffers, the changing international tax and geo-political landscape will pose challenges for tax regulators and tax leaders.
Vietnam: Work Permit issues
Decree No. 152/2020/ND-CP (“Decree 152”) came into effect on 15 February 2021 and made the conditions for obtaining a work permit (“WP”) stricter.
Global Mobility Newsletter #1/2022
The Global Mobility environment is changing in a dynamic way.
Vietnam: Goods labeling
Decree 111/2021/NF-CP on goods labeling came into effect on 15 February 2022 and has eliminated some uncertainties.
Global Customs Newsletter #2/2022
News on trade and customs developments from all over the world
Webinar Invitation – Tax Challenges of Global Mobility in Asia Pacific
Monday, 20 June 2022
Vietnam: VAT rate reductions
The regular VAT rate of 10% is reduced to 8% from 1 February 2022 until the end of 2022.