Vietnam

Vietnam - Civil Law
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Vietnam taxes

Want to setup a company in Vietnam? This will tell you about the specific tax laws and rates for a LLC - (Wholly Foreign Owned) which is the most common company type in Vietnam.

Vietnam resident entities are liable to corporate tax on their worldwide income. The headline estimated rate for income remitted, from our research, and this is not personal tax advice, is 20%. Vietnam may not have exemptions to transfer in foreign earned profits. Taxes are reasonable in Vietnam as the income corporate tax rate is 20%. This ranks Vietnam as 70th overall in terms of corp. taxation rate internationally. Vietnam may have higher tax rates on income from operations of oil, gas or natural resources. Certain companies involved in certain activities in economically disadvantage areas may have reduced rates of 17%, 15% or full exemption.

The value added tax (VAT) rate is 10.00%, that ranks Vietnam as 46th overall in terms of VAT taxation rate internationally. In terms of other taxation, an employer will contribute 22% to the equivalent of a social security fund and an employee will contribute 10.5%. The overall complexity of the tax system is high. This is measured by average time to comply with a country's labor tax requirements is as it is 335hours. Contributing to this is the number of yearly labor tax payments, which is 1 in VN.

Thin cap restrictions aren't in effect. Thin capitalisation refers to any sort of laws on a business and the debt-to-asset ratios. Dividends between resident companies are not taxable. Dividends received from foreign entities may be taxable, but a tax credit for foreign tax paid up to Vietnam tax rate may be available. A dividend is a payment of earnings of the business, determined by the board of directors, to a class of its shareholders. Dividends can be either cash payments, shares of stock, or other property. Capital Gains are usually subject to Corporate Income Tax. A capital gains tax is levied on the profits that a corporation or natural person realizes when they sell sells a capital asset for a price that is higher than the purchase price.

There is no withholding tax on dividend payments to non-resident entities. However, a 5% withholding tax may apply if dividends are paid to foreign-individuals. Interest and royalties paid to non-resident entities are subject to a withholding tax rate of 5% and 10%, respectively.
There is no known tax on wealth in Vietnam. There are inheritance and real property taxes. We are aware of popular and well known research and development tax incentives in Vietnam.

The above is not tax or legal advice for your particular circumstances. We are able to refer you to an expert in Vietnam who can properly advise you. Ready to get started? Click the free consultation button above or press incorporate now if you are in a hurry.

It takes approximately 217 hours to file and prepare documents for a Vietnam Civil Law.
The corporate tax is approximately 20% which is 70 in the world.

Owners of a company in Vietnam are not allowed to carry back a loss and may be allowed to carry forward a loss for 5 years.

The vat rate in Vietnam is 10% which ranks 46 in the world.

Patent box
RND credit
Wealth tax
Estate tax
Transfer taxes
Asset taxes
Capital duties
47Tax treaties
20%Offshore Tax
20%Corp rate
-Loss carryback years
217Corporate time
10%VAT rate
20%Capital gains
NoAEOI planned

Read this to learn about incorporating a company in
Vietnam

We can help you form a company in Vietnam. Click the button above for a no-obligation quote. We will provide you with all the necessary documents to open a bank account as well as a registered office in Vietnam, which is required by law.

We can help you with your incorporations needs for an initial payment of just $1000.

Easy Step by Step Process:
The standard process typically takes between two (2) to three (3) weeks depending on when we receive all the required information from you. Once we receive your information, we will email you a complete set of documents for your review within 3 working days upon confirmation of payment. After executing the documents, you will need to mail them to us and we will formally submit your application for filing with the Registry. The Registry will then take about 3-8 working days to process the incorporation and produce certificates necessary for opening your bank account.

Applying for Your Bank Accounts:
Incorporations.IO maintains close working relationship within our extensive network of partner banks to help you apply for and receive banking services that are most appropriate to your specific situation. From the time of verification of incorporation it can take (1) one week to (2) two weeks to apply for and receive a bank account. We work primarily with banks that allow for remotely opened accounts to ensure you are ready to do business as soon as possible.

Applying for Payment Processing:
We include introductions to payment processors or merchant accounts with all of our incorporation services. Whether you just need standard credit card processing or specialized services for high risk processing, we have partners that can assist you and are happy to help you with introductions that can empower your business.

Start Online or via Phone:
We can get started for you whenever you are ready via a US$1000 initial payment via credit card. I get notified whenever a payment is made here and would send out the welcome letter and initial forms we would need within 12 hours. If you prefer, we can also process via a phone or Skype call.

Vietnam Tax Treaties

CountryTypeDate signed
India
DTC 1994-09-07
Qatar
DTC 2009-05-08
Canada
DTC 1997-11-14
Sweden
DTC 1994-03-24
Denmark
DTC 1995-05-31
Seychelles
DTC 2005-10-04
Malaysia
DTC 1995-09-07
Poland
DTC 1994-08-31
Hungary
DTC 1994-08-26
Italy
DTC 1996-11-26
Ireland
DTC 2008-03-10
Australia
DTC 1992-04-13
Saudi Arabia
DTC 2010-04-10
United Arab Emirates
DTC 2009-02-16
Czech Republic
DTC 1997-05-23
Macedonia
DTC 2014-10-15
South Korea
DTC 1994-05-20
Hong Kong
DTC 2008-12-16
New Zealand
DTC 2013-08-05
Israel
DTC 2009-04-08
Norway
DTC 1995-06-01
Slovakia
DTC 2008-10-27
Japan DTC 1995-10-24
Iceland
DTC 2002-04-05
Finland
DTC 2001-11-21
Luxembourg
DTC 1996-03-04
United Kingdom
DTC 1994-04-09
Morocco
DTC 2008-11-24
Uruguay
DTC 2014-12-09
Philippines
DTC 2001-11-14
Pakistan
DTC 2004-03-25
Tunisia
DTC 2010-04-13
Switzerland
DTC 1996-05-06
Indonesia
DTC 1997-12-22
Brunei
DTC 2007-08-16
Russia
DTC 1993-05-27
San Marino
DTC 2013-02-14
France
DTC 1993-02-10
China
DTC 1995-05-17
Turkey
DTC 2014-07-08
Netherlands
DTC 1995-01-24
Singapore
DTC 1994-03-02
Belgium
DTC 1996-02-28
Germany
DTC 1995-11-16
Austria
DTC 2008-06-02
Ukraine
DTC 1996-04-08
Spain
DTC 2005-07-03

Country Info

National Flag of
Cộng hòa xã hội chủ nghĩa Việt Nam (vie)
Currency
VND
Area Code
+84
Capital
Hanoi
Region
South-Eastern Asia
Native Languages
Vietnamese