Tax & Finance

Vietnam's Value Added Tax (VAT) system is one of the core pillars of its tax system. Since its introduction in 1999, it has undergone several revisions and improvements. As an
All enterprises, both local and foreign, that generate income in Vietnam, whether operating in Vietnam through a legal entity or a permanent establishment, are subject to corporate income tax.
Standard tax rate: Most companies in Vietnam are subject to a standard corporate income tax rate of 20%.
Corporate income tax (CIT) is one of the main taxes that companies operating in Vietnam must pay.
Scope of application: The standard rate is generally applicable to most industries and enterprises and is the basic rate for corporate income tax.
For Vietnamese merchants facing complex tax environments, including normal tax payments, tax arrears payments, and additional tax collections. To simplify these processes, Vietnam has introduced an online tax management system.
Against the backdrop of rapid global economic development and continuous technological progress, high-tech enterprises have become the core force driving national innovation and development.
In the context of increasing global economic integration, Vietnam, as one of the fastest growing economies in Southeast Asia, has become increasingly important in terms of transfer pricing regulations.
Related-party transaction reporting is a key step in Vietnam’s transfer pricing management system. It is crucial for entrepreneurs and business managers to understand and implement this procedure correctly.
This part of the questions aims to understand the basic situation of your company and potential transfer pricing risk factors. Please answer truthfully based on the actual situation.

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