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In summary, the foreign contractor withholding tax occurs in Vietnam when a foreign company offers a paid service to any company in Vietnam. The Foreign Contractor Withholding Tax (also known as FCWT) was included in the Circular No. 103/2014/TT-BTC.
The latest tax deadlines in Vietnam for the year 2022. This is particularly useful for foreign companies operating in Vietnam.
Vietnam provides foreign businesses with a young, well-educated workforce and a relatively inexpensive workforce. Employers should have a basic understanding of human resource management. Many companies primarily rely on HR outsourcing entities, particularly for advice related to recruitment, training, and payroll. Many multinationals report that they would like to outsource more of their operational HR … Continued
In Vietnam, as your business continues to grow, you will have to be responsible for more and more business functions. For startups and SMEs (small and medium enterprises) in particular, it’s sometimes challenging to keep up with these functions with only your in-house teams. They might not have the necessary expertise or present enough agility … Continued
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
Employment of both local and foreign employees in Vietnam must be carried out in accordance with local labor regulations, minimum wage, social insurance, benefits, and more. For those companies looking to expand to Vietnam and build their team in the country, it is essential to understand the local labor codes and regulations. As Vietnam is still … Continued
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 industry, size and invoicing amount. Read More About Cekindo’s Corporate … Continued
In a developing economy like Vietnam, it is challenging to get a hold of tax regulations, especially when they are revised frequently, which is to be anticipated given the country’s rapid economic growth.
With a thorough understanding of Vietnam’s regulatory tax landscape, Cekindo’s team of specialists provides the following range of tax advisory services.
For most foreign investors doing business in Vietnam, taxes and money issues are the most important things that they will have to be extremely careful about. Therefore, one of the vital elements for your business to succeed is to get yourself familiar with the accounting standards as well as bookkeeping regulations in Vietnam. Find Out … Continued
Accurate payroll calculation in Vietnam is crucial as it will affect your employee’s pay and tax outcome. Here is your payroll guide.
Having a tax advisor is the most full-proof way of staying updated & in compliance while you focus on your bottom line in Vietnam. FInd out why
While expanding one’s business in Vietnam, an investor should stay updated on the prevailing accounting and Taxes regulations and setup options. Failing to do so would have legal as well as financial repercussions. Thus, a foreign investor must keep abreast of the latest amendments in tax policies. As you plan to set up your accounting … Continued
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