Regulations on Reductions and Exemptions for Personal Income Tax (PIT) in Vietnam

Vietnam has always managed to attract foreign investors because of its great geological location and it’s dynamic young workforce. That is why attracting foreign investors has been of key importance in Vietnam’s External Affairs Policy. It is one of the main reasons why Vietnam has various easier Tax and Compliance Laws to create a seamless … Continued

Personal Income Tax (PIT) for Expatriates in Vietnam: Your Easy Guide

The personal income tax system in Vietnam can be challenging sometimes. Like most jurisdictions around the world, the Vietnamese tax system imposes special regulations on expatriates living and working in the country. The personal tax system for foreigners living in Vietnam involves special tax rates, calculations, and procedures. These calculations and procedures can be much … Continued

[2022 Update] Payroll Regulations to Keep in Mind While Doing Business in Vietnam

In 2018, the government of Vietnam issued a new Decree 143/2018/ND-CP in regards to the mandatory social insurance payments and payroll for foreign workers employed in Vietnam. In 2019, the government released Decree No. 90/2019/ND/CP, announcing that starting on January 1, 2020, the monthly minimum wage in Vietnam would be increased by approximately 5.7%. The … Continued

BPO: Why Outsource to Vietnam for Rapid Business Growth

Business process outsourcing, or BPO, is a method that companies use to subcontract various business functions to third-party vendors. Common types of BPO in Vietnam include onshore outsourcing, nearshore outsourcing, and offshore outsourcing. Outsourcing services most sought after in Vietnam include Accounting, HR, Corporate Tax, & Recruitment Outsourcing. Read More about Cekindo’s Business Process Outsourcing … Continued

Know how to Setup & Plan Your Corporate Income Taxes in Vietnam

Corporate income tax laws and compliance in Vietnam are often complex and time-consuming, and the regulations change quite frequently due to the fact that Vietnam is still developing its economy. Several lodgments may be required on an annual or quarterly basis based on your company’s condition. Read More About Cekindo’s Corporate Tax & Compliance Services … Continued

Be Informed on Corporate Tax and Compliance Obligations in Vietnam

A well-known fact for doing business anywhere in the world is that fulfilling tax obligations is absolutely mandatory, and is one of the most important elements to keep track of. Errors in tax filing and submitting can have severe financial and legal consequences. Vietnam, in particular, has a considerably complex tax structure, which might be … Continued

Navigating Annual Tax Returns (Tax Finalization) in Vietnam (2022 Update)

This article has been updated to reflect the 2022 annual tax return, known in Vietnam as “Tax Finalization” for complete accuracy. In this article, we will refer to Annual Tax Return as Tax Finalization.  If you are still confused and wonder how to go about this time-consuming task of navigating and understanding Vietnam’s annual tax … Continued

Chief Accountant in Vietnam: Know Your Obligations

What is a Chief Accountant? A chief accountant is an accountant with more advanced degrees and is able to take on the responsibilities needed to keep your taxes set up correctly and filing on time and within the constraints of the law. The government requires that if you are making a certain amount of profit … Continued

5 Challenges of Accounting and Tax Compliance in Vietnam

Constant changes and ever-increasing complexity to the taxation system as well as technology adoption in Vietnam results in challenges for modern accounting and tax compliance when doing business in Vietnam. Although these processes are slowly improving and becoming easier to navigate, it still requires specific local knowledge of taxes and an updated knowledge base on … Continued

Recruitment in Vietnam: Labor Market and Hiring Processes to be Aware of

Understanding the local labor laws is essential in order to be compliant when you hire and pay people while doing business in Vietnam. Furthermore, understanding the market in order to know your opportunities and expected challenges ensures a more smooth integration. This article’s aim is to assist you in becoming familiar with the Vietnamese labor … Continued

HR Outsourcing and How It Impacts Business Performance

With Human Resources being one of the most undervalued departments within many businesses around the world, including in Vietnam, it is important to notice how the position of this function can have an extensive impact on your business. Going about it the right way can contribute to massive cuts to your overhead costs, especially in … Continued