Vietnam: Corporate tax, VAT, and individual tax updates | KPMG | GLOBAL

Vietnam: Corporate tax, VAT, and individual tax updates

Vietnam: Corporate tax, VAT, and individual tax updates

A report prepared by the KPMG member firm in Vietnam describes the following corporate income tax developments:


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  • Guidance (an “official letter”) on the use of losses incurred by an acquired company prior to the acquisition date
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  • An official letter concluding that a company is not allowed to make provision for impairment of investments in “unlisted securities” when the market value of the securities cannot be determined

Other topics discussed concern value added tax (VAT) declaration and invoicing for transactions between the head office company and its branches, and the rate of individual (personal) income tax that applies on expatriates who, after the completion of the income tax finalization, depart from Vietnam.


Read a February 2016 report [PDF 155 KB] prepared by the KPMG member firm in Vietnam: Technical Update

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