VDB LoiUpdates & Analysis


Vietnam
18
May
2015
CLMV Power Update

Welcome to VDB Loi’s CLMV Power Update!

Highlights of this issue:

  • Ten things to know about power in Myanmar
  • A practical perspective on foreign financing transactions in Myanmar
  • Key economic terms of Myanmar PPAs
  • Kayah state offers opportunities
  • Land acquisition
20
May
2013
Draft decree to loosen restrictions on A&P expenses and introduce thin capitalisation rule

Nowadays, advertising and promotion (A&P) activities play a big role in the business strategy of an enterprise. A&P costs make up a large proportion of the budget of a company, especially for multi­national companies in Vietnam. A ques­tion that arises …

21
Mar
2013
Republic of San Marino signs tax treaty with Vietnam

In an effort to avoid the double taxation of international income and thus pro­mote foreign direct investment, Vietnam has concluded double taxation agreements (DTAs) with more than 60 countries to date – the most recent of which was with the

21
Jan
2013
New developments on accessing the zero VAT for international transport companies

The normal practice in international transportation is to consider a bill of lading (B/L) as evidence of a contract between the shipper and the transporter. This is not necessarily the case in Vietnam, however. It is a crucial issue, as …

20
Dec
2012
Ministry Of Finance issues clarification on VAT refunds

By Thuan Pham

The issue of VAT refunds, especially in the case of the export of goods or services, is always a notable area of concern for an export enterprise. Subject to certain conditions, a refund request can be processed …

20
Dec
2012
Vietnam Issues New Tax Regulations for Casinos

By Thuan Pham (Director – Vietnam)

Since the last draft Decree issued in 2010 which called for public opinions, the Ministry of Finance (“MOF”) has again issued a new draft and is seeking further opinions after conducting research on the …

14
Sep
2012
Vietnam and Singapore Amend their Tax Treaty

On 12 September 2012, Vietnam and Singapore signed a second protocol to amend their tax treaty, most significantly with respect to services permanent establishments (PE) and gains on shares of companies holding immovable property. We highlight the following notable points:…

6
Aug
2012
Vietnam GDT deems subsidiary of multinational a dependent agent PE

A recent ruling from the Vietnam GDT has deemed that the Vietnam subsidiary of a multinational company is actually a PE of the foreign parent. As a result, the revenue share that the subsidiary pays to the foreign parent cannot …

24
Jul
2012
Which is more attractive for structuring investments into Vietnam: The (New) Hong Kong-Vietnam or the Singapore-Vietnam Double Taxation Agreement?

On 16 December 2008, the Government of the Hong Kong Special Administrative Region of the People’s Republic of China (“Hong Kong”), and the Government of the Socialist Republic of Vietnam (“Vietnam”) have signed their first double taxation agreement (hereafter “HK-VN …

30
May
2012
Online advertising and training now subject to tax in Vietnam

With the issuance of Circular 60/2012/TT-BTC dated 12 April 2012 (Circular 60) on Foreign Contractor Tax (FCT), income received by a foreign contractor with respect to online advertising and online training is now subject to withholding tax in Vietnam.

Under …

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