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Tax authorities

General Department of Taxation, Ministry of Finance
123 Lo Duc St, Hanoi, Vietnam
Tel: +84 4 3971 2310
Fax: +84 4 3971 2286
Email: bbtweb@gdt.gov.vn
Website: www.gdt.gov.vn

Tax rates at a glance

(As of September 2012)

Corporate income
  Standard 25%
  Enterprises operating oil and gas and natural resource sectors 32%-50%
Capital gains 25%
Branch tax 25%
Withholding tax
Dividends 5% (a)
Interest 5% (b)
Royalties 10%
Technical service fees 5% (c)
Branch remittance tax 0%
Net operating losses
Carryback 0
Carryforward 5 years (d)
  1. No tax is imposed on dividends remitted overseas unless paid to individuals
  2. Interest paid to a non-resident is subject to a 5% withholding tax (corporate tax) unless the rate is reduced under a tax treaty. Interest paid to non-residents that are not credit institutions may be subject to an additional withholding tax of 5% (value added tax).
  3. A withholding tax of 5% (corporate tax) and 5% (value added tax) generally applies to technical service fees paid to a non-resident. The corporate tax may be exempt under a tax treaty.
  4. Losses must be carried forward consecutively in full to taxable income for up to a maximum of the 5 years after the year in which the losses are incurred.

Tax

Vietnam is rapidly becoming a success story for many other emerging economies in the Asia-Pacific region to imitate. Having transformed itself from one of the poorest countries in the world into a lower middle-income country, it is constantly making ... [more]

The Deloitte tax team has been growing strongly in the past year, with new tax professionals joining the team. The national leader is Thomas McClelland who leads a team of three partners and 85 fee earners. The dynamic economic environment in Vietnam ... [more]

KPMG's tax team is led by Warrick Cleine. He oversees a team of more than 200 tax professionals locally in addition to his role as KPMG's Asia Pacific head of tax. The team has welcomed new talent to the team as well as making internal promotions.Ron ... [more]

PwC

The tax team at PwC has an exemplary reputation in Vietnam for their thorough knowledge of local customs and law. Richard Irwin leads the expanding group which consists of four partners and 138 fee earners. He has 17 years of experience in advising major ... [more]

Frederick Burke oversees the Baker & McKenzie tax team. Burke has 20 years of experience, making him a well respected practitioner in international law and corporate M&A matters. The other partner on the team is Thanh Vinh Nguyen who specialises in providing ... [more]

Ernst & Young's tax practice is led by Christopher Butler. With two partners and 113 fee earners on the team, they have the capability to offer the range of tax services typical of a big four firm. The strong transfer pricing team consists of 12 professionals.The ... [more]

Matthew Facey took over as a director and leader of Grant Thornton's tax team in May 2012. Ken Atkinson is the team's managing partner. Both are supported by a team of nine tax professionals. The firm has been undergoing an internal restructuring since ... [more]

Less than a year old, VDB Loi has the potential to become a leading firm for tax services in Vietnam. Founders Edwin Vanderbruggen and Jean Loi who both come from DFDL, have recruited a strong and knowledgeable team from various prestigious tax firms. ... [more]

Le Quynh Anh is the executive partner of Vision & Associates tax practice. Though well regarded for their tax disputes team, the team's service offerings cover corporate income tax, foreign contractor tax and personal income tax. Often clients will hire ... [more]

See also

Vietnam
Asia-Pacific

Firm contact details