Tax System Overview

Profit repatriation in Vietnam is a compliance-gated financial event. Three mandatory conditions must be met: completed tax finalization,

Vietnam treats invoices as tax control documents, not payment requests. Without valid e-invoices, companies cannot recognize revenue or

Foreign Contractor Tax (FCT) combines VAT at 1-5% and CIT at 0.1-10% on payments to foreign contractors. Vietnamese

All foreign-invested enterprises (FIEs) in Vietnam face mandatory independent audits regardless of size, revenue, or headcount under the

Medium and long‑term foreign loans – and certain short‑term loans that effectively run beyond one year – must

Vietnam eliminates industrial zone CIT incentives from 1 October 2025 under Law 67/2025/QH15. Eligible projects can achieve 10%

Vietnam’s accounting framework diverges from IFRS on three critical dimensions affecting your statutory reporting: revenue recognition timing, lease

Foreign-invested enterprises (FDI) operating in Vietnam face three critical VAT compliance changes effective July 1, 2025, under Law

Vietnam’s VAT refund framework underwent significant changes under Law 48/2024/QH15, Article 15 (effective July 1, 2025). The minimum

Foreign investors accumulating input VAT during Vietnam’s pre-operational investment phase can recover these costs before generating revenue—but eligibility