• Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 1/10/2014

Vietnam - Corporate income tax changes, new tax rates 

January 10: New guidelines in Vietnam concerning the determination of corporate income tax are effective 15 February 2014, and apply for 2014 and subsequent tax periods.

Decree 218/2013/ND-CP (26 December 2013) revises the corporate income tax treatment of:

  • Loss carryforwards
  • Certain deductible expenses
  • Incentives

In addition, the corporate income tax rate is set at 22% for 2014, but is scheduled to be reduced to 20% (effective 1 January 2016).

For taxpayers having total revenue of less than VND 20 billion, the corporate income tax rate is 20% (effective 1 July 2013) and will be reduced to 17% (effective 1 January 2016).

Read a January 2014 report [PDF 355 KB] prepared by the KPMG member firm in Vietnam: Tax Alert

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