Global

Details

  • Service: Tax, Global Indirect Tax, International Executive Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 6/26/2014

Vietnam - Guidance on VAT, foreign contractor tax, construction-in-progress interest 

June 26: Guidance from the tax authorities in Vietnam concerns:
  • Value added tax (VAT) on imported animal feed and with respect to unprocessed or semi-processed food products
  • Invoice compliance for export invoices
  • Foreign contractor tax and application of rules under the income tax treaty between Vietnam and Thailand on design services
  • Corporate income tax implications of interest income during the construction-in-progress period
  • Effect of airfare costs for rotational shifting of expatriate workers and individual (personal) income tax implications

Read a June 2014 report [PDF 463 KB] prepared by the KPMG member firm in Vietnam: Technical Update (June 2014)




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