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blue-check Regarding withholding tax upon transferring securities

Official letter No. 1425/TCT-DNNCN dated May 10th, 2021 of the General Department of Taxation regarding tax policy applicable to the securities sector
Posted: 21/9/2021 9:18:45 AM | Latest updated: 24/9/2021 8:51:10 AM (GMT+7) | LuatVietnam: 5297 | Vietlaw: 528
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According to clause 2 Article 4 of Circular No. 103/2014/TT-BTC, in case a foreign enterprise transfers securities in Vietnam but it fails to meet the conditions to directly declare and pay withholding tax, securities company, fund management company, etc. shall take responsibility to withhold and pay tax on behalf of the foreign enterprise.

The submission of application for tax exemption or reduction under Agreements shall be carried out according to Article 20 of Circular No. 156/2013/TT-BTCstatus1 .

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 528
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