Tax
From The Report: Vietnam 2017
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This chapter offers a breakdown of current regulations and guidelines, and covers the double-taxation agreement with the US and the new decree on transfer pricing released in February 2017.

It also contains an interview with Dinh Thi Quynh Van, General Director, PwC Vietnam.

Articles from this Chapter

Overview

In detail: The key tax regulations that investors should be aware of
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In recent years, Vietnam has developed into one of the most popular investment destinations in South-east Asia. In line with the international economic integration of Vietnam and in order to encourage domestic investment and make it easier for entrepreneurs to do business in Vietnam, the government has pushed for economic reforms and regulations to be improved and streamlined. Over the past few years, the country has seen significant developments in its regulatory and tax system, with various laws…

Analysis

Closer look: Transfer pricing and Customs are becoming more of a focus for multinational organisations
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Solid economic growth, low-cost manufacturing, a large consumer base and continued positive legislative reform, have combined to make Vietnam an increasingly attractive investment destination for multinational organisations. Strong foreign investment and rising international trade has resulted in the tax authorities focusing more on cross-border inter-company transactions. Investors must be aware of complex Customs valuation and transfer pricing issues, fast-changing regulations and practice, as…

Interview

Attracting investment: Dinh Thi Quynh Van, General Director, PwC Vietnam, on the tax system and how it applies to foreign investors
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Interview: Dinh Thi Quynh Van How does the tax regime apply to foreign firms that operate in Vietnam without a legal presence? DINH THI QUYNH VAN: Vietnam is still developing its tax system. The current system often does not cater to certain situations, or existing regulations are not thoroughly applied in practice. For example, Vietnam has permanent establishment regulations in the corporate income tax law, but we rarely see these rules applied to collect tax from foreign firms doing business…