Income tax for foreigners is one of the issues of great concern. The declaration, finalization and payment of income tax for foreigners are a very important thing for both employees and employers, especially when foreign workers are recruited and worked in Vietnam.
Currently, there are many foreigners working in Vietnam. And the issue of declaration, finalization and payment of income tax for foreigners in Vietnam is very important for both employees and employers.
There are a total of 9 types of income tax that foreigners must pay when working or doing business in Vietnam:
Foreigners must fulfill the obligation to pay income tax to the Vietnamese state when conducting business in the Vietnamese territory. Enterprises earning income from activities of producing and trading goods and services in all fields of industry, construction services, restaurant business, real estate rental services, business education services, etc. education, etc. and all other legal business services that are granted business licenses or practice certificates in accordance with Vietnamese law.
Employers must pay income tax for foreigners working in Vietnam at the following intervals:
Foreigners, when participating in capital investment in any form in the territory of Vietnam, need to fulfill the following tax obligations:
Foreigners need to fulfill tax obligations when collecting profits arising from capital contribution to a Limited Liability Company (Limited Company), including a one-member limited liability company, etc., and other organizations.
In addition, it also pays income tax arising from the transfer of securities, income tax from the transfer of shares of individuals in a joint-stock company in accordance with the Law on Enterprises of Vietnam.
Foreigners need to fulfill tax obligations in Vietnam when participating in real estate transfer activities in the territory of Vietnam:
Foreigners living and working in Vietnam need to pay the tax of personal income when winning the Vietnamese lottery, winning the prizes in the form of the promotions when buying products or services according to Vietnamese commercial law.
Foreigners are obliged to pay tax on income from the license, which is income from the transfer of ownership rights, the right to use intellectual property, income from technology transfer under the Law on Technology Transfer in Vietnam.
Foreigners living in the territory of Vietnam are obliged to pay tax when inheriting any property such as inheritance of stocks, bonds, bills, dividends, shares, business capital, real estate, ownership and rights to use copyrights, motorbikes, cars, etc.
Headquarters: Centre Point Building – P702A, 7th Floor, Nguyen Van Troi Street , Ward 8, Tan Phu District, HCM city, Viet Nam – 700000
Hotline: +84 0909 639 255