A Complete Guide to Foreign Contractor Tax in Vietnam
Reading Time: 5 minutesTaxes are a non-negotiable part of your business processes. As you rake in profits, generate revenue, and shell out funds on operational and running costs, you must keep a record of spending and income. If your business is incorporated in Vietnam, a foreign contractor tax Vietnam is non-negotiable.
In other words, you must pay the appropriate taxes to the government of the country where your business is incorporated in.
Vietnam has clearly defined corporate tax regulations, particularly regarding foreign contractors. In this article, you’ll learn all about contractor tax in Vietnam, the regulating tax authorities, and other related tidbits.
Read on.
A Detailed Guide On Vietnam Personal Tax Income Rates
Reading Time: 5 minutesDespite Vietnam’s poor standards in the 1900s, it has risen to become the 37th largest country with its Nominal Gross Domestic Product (GDP) and the 23rd largest by Purchasing Power Parity (PPP) according to the World Bank. The transformation to a middle-income economic country in just a generation is hugely based on its income generation and foreign investors. Like every other country, the personal income tax in Vietnam for foreigners has specific policies and rates. This is influenced by the need to promote the country’s welfare and create a sustainable economic atmosphere for both residents and foreigners to enjoy.