Tax Consultants in Vietnam Overview of tax services in Vietnam Law on Taxation in Vietnam formulates in 2003, and according to this law, Sub Decree, PRAKAS, notice i.e. are also regulated. The main tax items and tax rates are as follows. Profit tax: 20% Salary on tax: 0~20% Specific tax: 10% Tax for public lighting: 3% Patent tax: 1%, 2.5% Tax on unused land: 2% Tax on mean of transportation
Withholding tax: 4~20% Value added tax: 10% Accommodation tax: 2% Tax on property rental: 10% Stamp tax Registration tax: 4% Property tax: 0.1%
Business income tax: Business income tax is classified as profit tax and minimum tax. The amount of tax is the higher one of 1% of sales and 20% of income every year. Therefore, the tax declaration can be conducted every month or every year. The declaration of 1% of sales every month should be conducted before 15th in the next month. It is also applied for corporations show deficit. All of the businesses are the targets of tax on profit. Including the foreign companies, branch offices are also have the obligation to declare tax.
Personal income tax: Personal income tax is only applied for labors that get the salaries. The employers must declare and pay the income tax before 15th in the next month.
Value added tax: Value added tax must be declared before 20th every month.
Tax for non-residents