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blue-check Foreign contractors are required to pay 1% withholding tax upon liquidating assets in Vietnam

Official letter No. 40743/CTHN-TTHT dated August 18th, 2022 of the Department of Taxation of Ha Noi city regarding tax declaration with regard to foreign contractors
Posted: 19/8/2022 10:52:03 AM | Latest updated: 24/8/2022 9:18:00 AM (GMT+7) | LuatVietnam: 5523 | Vietlaw: 575
VietlawOnline

According to clause 3 Article 7 of Circular No. 103/2014/TT-BTC, foreign enterprises that liquidate assets in Vietnam have to declare and pay withholding tax in terms of enterprise income tax.

The payable tax shall equal 1% of taxable revenue (clause 2 Article 13 of Circular No. 103/2014/TT-BTC ).

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Published Vietlaw's Newsletter No. 575

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vnflag pdficon CV40743-18082022CTHN.pdf
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Tax of Contractor

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