What are the conditions for repatriation of profits?

2022-11-02T10:07:53+07:00

In order to repatriate profits, enterprises must meet some of the following conditions: The company must fulfill its financial obligations to the Vietnamese state in accordance with the law; The company must submit fully audited financial statements; The company must fully submit the annual tax finalization declaration; Investors are not allowed to remit profits abroad [...]

What are the conditions for repatriation of profits?2022-11-02T10:07:53+07:00

If the company makes a profit, what taxes will we pay when we transfer the profits back to the country?

2022-11-02T10:06:33+07:00

If a company makes a profit, after fulfilling its financial obligations to the Vietnamese State in accordance with the law, the profit may be repatriated to the country. Foreigners must pay PIT from capital investment activities in Vietnam at the tax rate of 5% calculated on profits received.

If the company makes a profit, what taxes will we pay when we transfer the profits back to the country?2022-11-02T10:06:33+07:00

If capital contributors transfer capital to other members, will they be subject to any tax?

2022-11-02T10:05:53+07:00

PIT from the transfer of contributed capital is regulated for 2 separate subjects: Resident individual; Non-resident individuals; For resident individuals, the personal income tax from the transfer of contributed capital is calculated by taking the income from the transfer of contributed capital x the tax rate of 20%. For non-resident individuals, personal income tax from [...]

If capital contributors transfer capital to other members, will they be subject to any tax?2022-11-02T10:05:53+07:00

We export goods, so how much is the applicable export tax rate?

2022-11-02T10:04:48+07:00

Currently, the export tax rate of 0% applies to most items, except for restricted export items such as natural resources, minerals, and precious metals. Exported goods include goods exported to foreign countries, including export consignment; goods sold into non-tariff zones; forward processed goods; locally exported goods.

We export goods, so how much is the applicable export tax rate?2022-11-02T10:04:48+07:00

According to the regulations, if our company is eligible for VAT refund, it will be refunded by the state agency, so according to the regulations, when will we receive the VAT refund and how?

2022-11-02T10:03:32+07:00

According to current regulations, if an enterprise is subject to tax refund before inspection, the time to process the dossier is 06 working days, if the enterprise is subject to inspection before tax refund, then the time to process the dossier is 40 working days from the date of receipt of complete tax refund dossiers. [...]

According to the regulations, if our company is eligible for VAT refund, it will be refunded by the state agency, so according to the regulations, when will we receive the VAT refund and how?2022-11-02T10:03:32+07:00

Please tell us what is the salary as the basis for participating in social insurance, the regional minimum wage regulated by the state or the salary in the salary table?

2022-11-02T10:02:37+07:00

The salary as the basis for insurance payment is determined as follows: From January 1, 2018 all wages, allowances and other benefits that employees are given in accordance with the labor law. The salary for participation in the insurance must not be lower than the regional minimum salary prescribed by the state at the time [...]

Please tell us what is the salary as the basis for participating in social insurance, the regional minimum wage regulated by the state or the salary in the salary table?2022-11-02T10:02:37+07:00

Please let us know how much the compulsory insurance premiums for employees are incurred by the enterprise?

2022-11-02T10:01:16+07:00

According to current regulations, enterprises are required to participate in the following types of insurance: Social insurance (social insurance), health insurance (HI) and unemployment insurance (UI) for employees. In which, enterprises (employers) bear 22% with the rate of 18% of social insurance, 3% of health insurance, 1% of unemployment insurance, employees bear 8.5% with the [...]

Please let us know how much the compulsory insurance premiums for employees are incurred by the enterprise?2022-11-02T10:01:16+07:00

Regarding corporate income tax (CIT) exemption and reduction, please let us know if our company is newly established since 2016, is there any incentive for CIT exemption or reduction?

2022-11-02T10:00:06+07:00

Regarding this content, we would like to share as follows, the issue of CIT incentives is one of the issues that investors are interested in because it directly affects the interests of investors, while in terms of management. For many years, this problem has been difficult because the legal regulations are not really clear and [...]

Regarding corporate income tax (CIT) exemption and reduction, please let us know if our company is newly established since 2016, is there any incentive for CIT exemption or reduction?2022-11-02T10:00:06+07:00

Normally, when is an FDI company checked by the tax authority?

2022-11-02T09:58:23+07:00

The inspection of tax finalization at enterprises depends on many factors, the first is the inspection plan of the tax authorities, the second depends on the declared data of the unit, whether it is transparent and clear enough or not. and many other factors. But normally, every 2 years or 3 years, the tax office [...]

Normally, when is an FDI company checked by the tax authority?2022-11-02T09:58:23+07:00
Go to Top