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Vietnam - Overview and Introduction

Vietnam - Overview and introduction

Taxation of international executives

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All information contained in this document is summarized by KPMG Tax and Advisory Limited, the Vietnamese member firm affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity, based on the Personal Income Tax Law of 2007 and subsequent amendments; the Decree 65/2013/ND-CP of 27 June 2013 and subsequent amendments; the Circular 111/2013/TT-BTC of 15 August 2013 and subsequent amendments; the Web site of the General Department of Taxation; the Vietnamese Social Security Law of 20 November 2014; the Vietnamese Health Insurance Law of 14 November 2008 and its subsequent amendments; the Vietnamese Labour Code of 18 June 2012; the Vietnamese Law on entry, exit, transit and residence of foreigners in Vietnam of 16 June 2014.

An individual, who is non-tax resident, is subject to a flat tax rate of 20 percent on employment income attributed to Vietnamese responsibilities only.

Vietnamese citizens and foreigners (non-Vietnamese citizens) who are deemed tax residents of Vietnam are subject to personal income tax on their worldwide income.

The official currency of Vietnam is the Vietnam Dong (VND).

Herein, the host country refers to the country where the expatriate is going on assignment. The home country refers to the country where the expatriate lives when they are not on assignment.

© 2019 KPMG Limited, a Vietnamese limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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