Importance of Specific Taxes for Foreign Investors in Asia
Published on: December 2017
Investors from abroad, particularly those involved in manufacturing, find that corporate income tax is their greatest tax obligation, thus, it is used as benchmark for comparison between different markets.
In this issue of Vietnam Briefing, we discuss the importance of taxation to new investment projects and outline the role that corporate tax incentives can play in reducing costs in Vietnam. We highlight Vietnam’s current preferential tax rates and tax holidays, analyze the situations under which companies can qualify for incentives, and finally provide expert commentary on tax incentive applications.