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AdminN2N May 23, 2023 No Comments

Foreign Contractor Withholding Tax

FCT is not a separate type of taxation. FCT is a term referring to the Value-Added Tax (VAT) and Corporate Income Tax (CIT) / Personal Income Tax (PIT) obligation of foreign contractors/sub-foreign contractors: For foreign organizations: VAT and CIT For foreign individuals: VAT and PIT   APPLICABLE SUBJECTS Foreign contractors (FC) Foreign business organizations with […]

AdminN2N December 20, 2022 No Comments

Value-Added Tax Insight

Value-Added Tax (a.k.a VAT) is a kind of tax indirectly applying on goods and services (including goods and services purchased from organizations and individuals overseas) used for the purposes of production, trading and consumption in Vietnam. DEFINITION VAT taxpayers shall be organizations and individuals producing and trading VAT taxable goods and services in Vietnam, regardless […]