Want to be in the loop?
subscribe to
our notification
Business News
FOREIGN EXPERTS TO ENJOY TAX EXEMPTION
The list of eligible foreign experts includes those directly engaged in foreign NGO aid programmes and projects approved by relevant Vietnamese agencies.
To enjoy tax-free income, experts need to hold foreign passports and have contracts with foreign non-government organisations (NGOs), the projects’ managerial agencies, or the providers of the NGO aid.
Confirmation letters from the NGOs’ aid providers must be attached when lodging an application for the exemption.
Tax-free income is the payment comes directly from implementing activities of foreign NGO aid programmes and projects.
Likewise, eligible Vietnamese are those employed by Vietnam-based representative agencies of international organisations under the UN system. Their names need to be confirmed by the authorised people named in the list sent to the tax authority. However, part-time employees do not qualify for the PIT exemption.
The tax-free income includes salaries and wages paid by the representative agencies.
Source: VIR
Related News
VIETNAM ECONOMY INVESTMENT
REVISING VIETNAM'S ECONOMIC STRATEGY FOR NEW ERA
The period of 2024-2025 is important as Vietnam completes its 2021-2025 development plan. Revising economic strategies and policies to address climate change and global uncertainties is an extremely important task.
VIETNAM ECONOMY INVESTMENT
FOREIGN INVESTMENT ROOM DELIVERS MIXED PICTURE AT BANKS
While the foreign ownership limit at several top-tier banks has almost reached its cap with a desire for further expansion, other banks have significant room for international investment. Among the 27 listed commercial banks, 14 have foreign ownership rates exceeding 15 per cent of their charter capital.
VIETNAM ECONOMY INVESTMENT
DRIVING SUSTAINABLE IP DEVELOPMENT TO ATTRACT STRATEGIC INVESTORS
As a result, major strategic investors like Honda, Toyota, Samsung and Signetics have explored opportunities in Vinh Phuc, offering support for energy cooperation, "Net Zero" commitments, and green investment to boost sustainable development and add value to the local economy.
VIETNAM ECONOMY INVESTMENT
INNOVATING TECH INFRASTRUCTURE TO ENHANCE BANKING SECURITY
Vietnam's banking technology infrastructure has advanced significantly, improving performance and meeting customer needs in the digital age. However, further innovation is needed to sustainably grow and meet rising market demands.
VIETNAM ECONOMY INVESTMENT
SINGAPORE CRACKS DOWN ON ILLEGAL LENDING OPERATIONS
Preliminary investigations reveal that five individuals are accused of harassment and intimidation of borrowers, while 40 others are suspected of aiding loan sharks through ATM transactions. Another 50 suspects allegedly assisted illegal lenders by opening and using their personal bank accounts.
VIETNAM ECONOMY INVESTMENT
DRIVING SUSTAINABLE IP DEVELOPMENT TO ATTRACT STRATEGIC INVESTORS
As a result, major strategic investors like Honda, Toyota, Samsung and Signetics have explored opportunities in Vinh Phuc, offering support for energy cooperation, "Net Zero" commitments, and green investment to boost sustainable development and add value to the local economy.
Events Sponsors
