Explore our insights

Issued in May 2017, Decree 20/2017/ND-CP ("Decree 20") was an important milestone for Vietnamese tax system in its roadmap to adopt the recommendations from Organization for Economic Co-operation and Development ("OECD") in relation to the initiative of Base Erosion and Profit Shifting ("BEPS") for the purpose of better controlling the concept of Transfer Pricing in Vietnam.

The Vietnam government has introduced many tax policies for the agriculture sector in the last few decades. Compared to other industries in Vietnam, the number of tax incentives are at the highest level.

Issuance of Decree 68/2020 to replace Decree 20/2017 regarding loan interest expenses

In this newsletter, Grant Thornton Vietnam would like to update recent important regulations and important tax policies including:

In these challenging times of Covid-19, Nguyen Thu Phuong and Nguyen Hung Du, of Grant Thornton Vietnam, discuss the difficulties in receiving value-added tax refunds for investment projects located in Vietnam.

Measures to promote technology transfer in Vietnam

Business of socialization activities have been developed as an alternative way of supplying public goods and services. The socialization incentives have been applied to attract growing capital, which directly linked the social performance of an enterprise with its profitability.

We launch a series of Brief discussion on Tax Finalization and Profit Remittance Abroad, Corporate Income Tax Incentive for Social Impact Projects, and Tax Breaks for High-tech Transfers.

Tax Newsletter, Update on new regulations and important tax policies

Value-added tax (VAT) refund plays a crucial role in cash flow and tax budget of companies and the government. Despite the fact that companies understand the importance of VAT refund, are they fully aware of the issues of workload, the time-consuming assessment process as well as potential tax risks to be successful in obtaining tax refund and maximizing the refund amount?

With the increasing trends in economic integration, it is normal that overseas organizations and foreign individuals generate income from doing business in another country rather than their home countries. In Vietnam, if a foreign organization earns income in Vietnam through providing services, or selling goods together with services, or trading, its income will be subject to Vietnamese Withholding Foreign Contractor Tax (FCT).

With the increasing trends in economic integration, it is normal that overseas organizations and foreign individuals generate income from doing business in another country rather than their home countries. In Vietnam, if a foreign organization earns income in Vietnam through providing services, or selling goods together with services, or trading, its income will be subject to Vietnamese Withholding Foreign Contractor Tax (FCT).

Update on new regulations and important tax policies

Tax Newsletter No.5 |June 2019

Tax Newsletter No.4 |April 2019

Having a look back after more than one year of implementation of Transfer Pricing regulations stipulated in Decree 20/2017/ND-CP and Circular 41/2017/TT-BTC.