Vietnam Keyword: Personal Income Tax ("PIT")

August 23, 2021

Vietnam has yet clearly set a comprehensive legal framework for an ESOP and neither guidance exists in accounting standards nor corporate income tax regulations in treating the expense for such a ESOP.  As far as concerns for controlling the indirect investment overseas by a resident, the Government has set out certain requirements for a resident doing outbound investment portfolio. Among […]

July 24, 2012

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 DTA”)[1]. The HK-VN DTA is bound to generate much interest from practitioners and from the […]