A frequently asked question about tax when a start-up or a foreign-invested company invests in Vietnam is: How is the tax system in Vietnam? To fully answer the above content, we need to read a bookcase! And when we finish reading a bookcase, we have a new shelf to read, on because inherently taxes always change. So, we can summarize the answer as follows:

Currently, Vietnam's value-added tax law is divided into three products, services and goods that are subject to value-added tax, including: Subject to zero percent value-added tax (0%). Subject to five percent value-added tax (5%). Subject to ten percent value-added tax (10%).

Borrowing and lending is common in businesses, depending on the purpose of using cash flow, the owner will decide the finance in the business. Today, we will not discuss about financial management in using loans and borrowing, but in this topic, we will only consider the tax risk of lending and borrowing. We would like to summarize some risks which often occur in practice are recognized as follows: There are three key issues: The first, the issue is interest expense when determining taxable income:

Tax topics are often difficult to understand, today I want to share with you the history of the Value Added Tax. In the nineteen fifty-four (1954), the French economist, Maurié Lauré devised the value-added tax, at this time he was the director of the French tax office. After that, the French government imposed a value-added tax, on April tenth, nineteen fifty-four (April 10, 1954) at large enterprises in France. In the beginning, value-added tax played an active role in national revenue, and achieved social compliance, so this matter spread from France to other countries.

Today we will learn about the salary allowances that are not subject to personal income tax. Everyone who goes to work is entitles to receives salary, in addition to salary, we are also entitled to receive allowances of a salarys and remunerations. Everyone knows that receiving salary and receiving allowances from salaries and bonuses, they must pay taxes after deducting for themselves eleven million and for their dependents four million fourteen million a month. But not everyone has any personal income tax-free salary allowances. Especially, the salary accountants also need to know to calculate the correctness and adequacy for the employees in their businesses.

Special Consumption Tax is an indirect tax, levied on certain types of goods and services to regulate production, import, and limit social consumption. Historically, Special Consumption Tax appeared very early from ancient Greece and Rome but this is considered an uncertain story.

Money is an indispensable means. Each individual earns money from different sources. All sources of money that individuals earn are called income. We will have to pay a part to the state budget with each income, which is called Personal Income Tax. There are two subjects that must pay personal income tax: residents and not residents in Vietnam.

What is Tax Imposition - Tax Imposition In Loan Transactions - Identify the lender to decide what taxes are to be collected.

If I receive the inherited property, do I have to pay personal income tax or not? As specified in Circular 111 in 2013 of the Ministry of Finance, inherited property is considered as income, so we have to pay personal income tax. However, the tax law also stipulates each specific case to determine whether to pay tax or not to pay tax. The following are cases where tax must be paid: Inherited securities or assets equivalent to securities. Inherited capital in economic organizations and businesses.