Vietnam: Capital gains tax, offshore transfers | KPMG | GLOBAL
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Vietnam: Capital gains tax, offshore transfers of shares or capital

Vietnam: Capital gains tax, offshore transfers

The tax authorities in Vietnam have sought to impose on tax on certain offshore capital transactions.


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Corporate income tax applies to foreign business organizations (with or without a permanent establishment in Vietnam) earning income arising in Vietnam. The tax authorities have also sought to impose tax on income or gains derived from indirect or offshore transfers of shares or capital by foreign businesses. 

The tax authorities in addition have imposed the “foreign contractor tax” on the right to use a trademark. The foreign contractor tax is imposed at the deemed rate of corporate income tax (10%) and a deemed value added tax (VAT) rate of 5%.


Read a December 2016 report [PDF 747 KB] prepared by the KPMG member firm in Vietnam

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