How to invest in Vietnam – Taxation
How to invest in Vietnam – Taxation The tax system in Vietnam includes the following main taxes: Corporate Income Tax (CIT); Import – Export Duties; Value Added Tax (VAT); Special Sales Tax (excise tax) or (SCT); and Personal Income Tax (PIT). Each of these taxes is administered by the General Department of Taxation (Ministry of Finance) minus import and export tax (General Department of Customs). In Ho Chi Minh City, the Tax Department is responsible for collecting taxes and settling taxes. Customs will be responsible for import and export taxes. Read more 1. Corporate Income Tax Enterprises that produce and trade in goods and services and earn income are subject to CIT. The standard CIT rate is 25%. 10% and 20% preferential corporate income tax rates for businesses investing in geographical areas with socio-economic difficulties, economic zones, or high-tech parks or in encouraging investment sectors. Encourage for a certain period of time. When the preferential interest ...