• Service: Tax, Global Mobility Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 10/15/2013

Vietnam - Individual’s tax-residence status; taxable compensation items 

October 15:  Vietnam’s Ministry of Finance issued guidance (Circular No. 111/2013/TT-BTC) implementing measures under the individual (personal) income tax law.

The circular includes rules for determining:

  • An individual’s tax residence in Vietnam (i.e., a non-Vietnamese individual with a leased residence, and the lease term is for 183 days, instead of the 90-day period contained in prior rules)
  • Additional items of compensation (including certain contributions to voluntary pension fund, one-off relocation allowance payments, school fees, payments for airfare, and employer-provided benefits)
  • Tax treatment of fringe benefits paid on a net income tax basis

Read an October 2013 report [PDF 462 KB] prepared by the KPMG member firm in Vietnam: Personal Income Tax (“PIT”) Tax Alert – October 2013

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