Vietnam: Expansion investment projects, foreign contractor tax guidance

Vietnam: Expansion investment, foreign contractor

Corporate income tax guidance from the tax authority in Vietnam includes “official letters” providing:


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  • Guidelines for allocation of taxable income for an “expansion investment project” in the 2009-2013 period
  • Rules for deducting salary payments when for overtime in excess of stipulated hours under the labor law
  • The criteria for determining “hi-tech enterprises” and foreign companies that transfer an interest in another foreign company with an investment in Vietnam

Read a July 2015 report [PDF 396 KB] prepared by the KPMG member firm in Vietnam: Technical Update (July 2015)

This KPMG report also includes information about:

  • Value added tax (VAT) refunds for a branch that is dissolved and closed operations
  • The applicable VAT rate for services provided to “non-tariff areas” as part of the assignment of a foreign company
  • The “foreign contractor tax” on transfer fees for outbound international money transfers and for design services and determinations of permanent establishments in Vietnam

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