International Tax

Business Operations in Vietnam (Portfolio 7420)

  • This Portfolio provides important information on the business environment in Vietnam from the tax and legal perspectives. It introduces the forms of doing business in Vietnam and analyzes the related legal issues on corporate establishment, foreign participation, exchange control, intellectual property, labor and financing.

Description

Tax Management Portfolio, Business Operations in Vietnam, No. 7420, provides important information on the business environment in Vietnam from the tax and legal perspectives. It introduces the forms of doing business in Vietnam and analyzes the related legal issues on corporate establishment, foreign participation, exchange control, intellectual property, labor and financing. The section on taxation explains Vietnam’s tax system and addresses the common tax issues faced by businesses. The Worksheets set forth details on the conditions for enterprise income tax incentives and provide several registration forms and tax returns.

Given the developing economy in Vietnam and its recent accession to the World Trade Organization, the legislation, including the tax regulations, are in a state of constant reform. The information contained herein provides only general information. Specific professional advice should be sought on the particular facts and circumstances at issue.

This Portfolio may be cited as Burke and Nguyen, 7420 T.M., Business Operations in Vietnam.

 

Table of Contents

I. Vietnam — Political Organization and Economy
II. Operating a Business in Vietnam
III. Forms of Doing Business in Vietnam
IV. Principal Taxes
V. Enterprise Income Tax
VI. Taxation of a Branch of a Foreign Company
VII. Taxation of a Foreign Contractor
VIII. Taxation of Representative Offices
IX. Taxation of Individuals
X. Value Added Tax
XI. Special Consumption Tax
XII. Land Rental and Nonagricultural Land Use Tax
XIII. Registration Fee
XIV. Intercompany Pricing
XV. Avoidance of Double Taxation
XVI. Tax Legislative Agenda