Our collection of resources based on what we have learned on the ground

Resources

Q&A

How much is the penalty if enterprises miss tax deadlines in Vietnam?

How much is the penalty if enterprises miss tax deadlines in Vietnam?

A taxpayer who pays tax later than the deadline has to pay the outstanding tax liabilities plus a fine equal to 0.05 percent of the tax due for each day the payment is late.

Q&A

How should the tax payment process be carried out in Vietnam?

How should the tax payment process be carried out in Vietnam?

Enterprises in Vietnam are required to carry out the tax process online. To simplify the tax payment process, the Ministry of Finance has issued Circular No. 110/2015/TT-BTC on electronic transactions in tax administration, which came into effect on ...

Q&A

Can enterprises use different exchange rates for different items in Vietnam?

Can enterprises use different exchange rates for different items in Vietnam?

Enterprises in Vietnam may now use different exchange rates for different items. In particular, assets and liabilities are converted into VND based on the exchange rate at the end of the period, while the equity of a company’s owner is converte...

Q&A

When is the deadline for tax declaration (monthly, quarterly and annually) and f...

When is the deadline for tax declaration (monthly, quarterly and annually) and f...

The deadline for monthly tax declaration is 20th day after the end of the month, for quarterly declaration it is 30th day after the end of the quarter and for annual declaration it is also 30th day after the end of the fiscal year. And deadline for a...

Q&A

How to name the Representative Office in Vietnam?

How to name the Representative Office in Vietnam?

For enterprises which have more than one office in Vietnam, the name of each RO must include the city in which the RO is located. For example: “…in Hanoi, Vietnam”. If there is just one representative office within the country, the...

Q&A

What’s the difference between Foreign Owned Enterprises (FOEs) and Representat...

What’s the difference between Foreign Owned Enterprises (FOEs) and Representat...

The process for PIT is similar between them, but the submission deadlines are different. For ROs, the deadline is based on the calendar year and for FOEs, the deadline is based on the fiscal year.

Q&A

What are the penalties imposed in Vietnam if a company fails to comply with repo...

What are the penalties imposed in Vietnam if a company fails to comply with repo...

If a company fails to comply with VAT regulations and misses the deadline, penalties will be ensued and in many cases profits will also be affected. In addition, a taxpayer who pays tax later than the deadline has to pay the outstanding tax liabiliti...

Q&A

How has Vietnam become an alternative to China when choosing a destination for i...

How has Vietnam become an alternative to China when choosing a destination for i...

China’s business environment has changed rapidly in recent years due to rising labor costs. As a result, more and more foreign investors have started to search for alternative markets. Vietnam stands out as the country most often offered as an ...

Q&A

What industries are of particular interest when considering whether to invest in...

What industries are of particular interest when considering whether to invest in...

Exports of electronics have provided huge momentum for economic growth in Vietnam. The Vietnamese government offers special incentives to lure large foreign electronics investors such as LG, Microsoft, and Panasonic. That in return has propelled elec...

Q&A

What advantages in tariffs does Vietnam have when trading with China?

What advantages in tariffs does Vietnam have when trading with China?

Vietnam’s inclusion in the ASEAN-China Free Trade Agreement (ACFTA) amplifies its advantage of geographic proximity to China. As of January 1st, 2012, most Chinese Tariffs levied on Vietnamese imports including on key industries such as copper ...

Q&A

What are Non-Wholly Originating Goods and why are they potentially a concern for...

What are Non-Wholly Originating Goods and why are they potentially a concern for...

Non-Wholly Originating Goods refer to exports produced using inputs from outside of a given Free Trade Agreement(FTA). When companies seek to adopt a China plus one production model and integrate Vietnam into existing supply chains, they might consid...

Q&A

What advantages does Vietnam’s Dinh Vu Industrial Zone(DUIZ) have?

What advantages does Vietnam’s Dinh Vu Industrial Zone(DUIZ) have?

Advantages of the DUIZ lie in its proximity to various outlets for exported goods, its well-established facilities and regulatory assistance, as well as easily accessible high skilled labor pools for companies to jump start their manufacturing operat...

Filter By

Topic

Country

Type of resource

Language

Enquire for more information about our services, and how we can help solve challenges for your organization

Contact Us
The code is case-sensitive