Vietnam - Tax Policy On Capital Transfer Activities.

Legal News & Analysis - Asia Pacific - Vietnam - Tax

29 July 2021

Tax Department of Binh Duong Province issued Official Letter No. 11236/CTBDU-THTT dated 7 July 2021 to guide on the tax policies related to investment projects and activities. The contents are as follow:


  • If having a capital transfer, the enterprise which performs the transfer will not be subjected to VAT but must pay CIT in accordance with the law.


  • Organizations and individuals receiving capital transfers are responsible for determining, declaring, withholding, and paying CIT on behalf of foreign organizations in accordance with the law.


For further information, please contact:

Minh Ngo Nhat, Managing Partner, BLawyers