Tax Reporting and Other Corporate Compliance in Vietnam: Deadlines for 2021

Vietnam has seen a remarkable rise in the number of new businesses being registered in recent years. A successful business in Vietnam, whether local or foreign-owned, is built on several foundations, including timely tax reporting and corporate compliances. Find Out about Cekindo’s Corporate Tax & Compliance Services in Vietnam The deadlines for 2021 compliance in … Continued

How to Avoid Penalties for Violations in Tax and Invoicing in Vietnam

Decree 125/2020/ND-CP dated 19/10/2020 is a relatively newly issued Vietnam Tax Law, which has been effective since December 5, 2020. The new law states several penalties and the resulting fines for the violation of certain tax and invoice regulations. Find Out How Cekindo can Help with Corporate Tax & Compliance Outsourcing Services Thus, ensuring tax … Continued

An Introduction to Processing Contract in Vietnam

Vietnam provides companies with numerous opportunities in the manufacturing sector because of the mix of a large workforce and low workforce costs. However, organisations that are new to Vietnam’s booming market often overlook the necessity of having an appropriate agreement when doing business in Vietnam. Read About Cekindo’s Corporate Compliance Services in Vietnam For an … Continued

Your Guide to Value Added Tax (VAT) in Vietnam for 2021

Value Added Tax, or VAT, is one of the taxes that a consumer pays in Vietnam when they purchase goods and services for production, consumption, and trading. The VAT applies to goods and services purchased from foreign sources as well. However, there are exempted goods or services that attract VAT. Read More about Cekindo’s Corporate … Continued

2020 Tax Guide for Businesses and Individuals in Vietnam

Regardless of where you live and work, you must file for taxes everywhere in the world including Vietnam. Vietnam is a very popular destination for expatriates from all over the world with diverse nationalities. As such, most foreigners in Vietnam are obliged to pay taxes as well. Find out how Cekindo’s Corporate Tax & Compliance … Continued

Tax Outsourcing in Vietnam: The Major Benefits

Partnering with or outsourcing to tax professionals and letting them handle tax functions can help you stay compliant with Vietnam tax laws, as well as keeping your business focused on what it does best. As your business is getting bigger, you need to pay attention to tax outsourcing that will allow you to have more … Continued

Your Guide to Tax Compliance Deadlines in Vietnam for 2020

Running a successful and sustainable business in Vietnam means that your business must comply with all related accounting and tax laws and regulations in the country. The most important part that you have to pay attention to for accounting law compliance is the deadlines. Missing the tax and accounting deadlines will jeopardise your business tremendously. … Continued

The Right Way to Manage Corporate Income Tax in Vietnam

To help businesses recover from the COVID-19 crisis, The National Assembly decided to reduce 30% of corporate income tax for 2020 tax year. The eligible businesses are those with revenues not exceeding VND 200 billion.  Tax season is not something that happens on a daily basis but for business owners trying to stay on top … Continued

Americans Living in Vietnam: Your Simple Tax Guide

If you are a U.S. citizen or a U.S. permanent resident, under the taxation law of the United States, it is compulsory for you to file your tax returns in the United States every year, even if you have been residing and paying taxes in Vietnam. In this case, you will have to be extra … Continued

How Do You Calculate Your Foreign Contractor Tax in Vietnam?

Foreign contractor tax (FCT) is a specific kind of tax in Vietnam. The tax applies to foreign contractors, entities or individuals, who perform business activities and receive income in Vietnam. FCT is not a separate tax but it combines corporate income tax (CIT) or personal income tax (PIT) and value added tax (VAT) for the … Continued

Personal Income Tax for Expatriates: Your Easy Guide

The personal income tax system in Vietnam can be challenging sometimes. Like most jurisdictions around the world, Vietnamese tax system imposes special regulations on expatriates. The complex personal tax system for expatriates involves special tax rate, calculations and procedures. These calculations and procedures can be much more difficult for you to comprehend if you do … Continued

The Most Common Tax Infringements in Vietnam and How to Avoid Them

The details of taxation law in Vietnam can change from year to year. As a smart business owner, you absolutely do not want the Vietnamese tax authority to knock on your door later telling you that you have committed tax infringements. Therefore, you need to clarify anything you don’t completely understand with regard to the … Continued