Vietnam: Guidance on depreciation, corporate income tax | KPMG | GLOBAL
Share with your friends

Vietnam: Guidance on depreciation, corporate income tax incentives, input VAT

Vietnam: Guidance on depreciation, corporate income tax

The Ministry of Finance issued guidance and the General Department of Taxation issued "official letters" concerning:


Related content

  • Depreciation for a fixed asset (a "complex building" that is used both for normal business activities and for leasing and sales purposes)
  • Interest income realized on late payments is not eligible for an exemption from corporate income tax that a company may enjoy
  • Determining the eligibility of a company to a corporate income tax incentive 
  • An increase in the base salary of government employees 
  • A decrease of the rate of contribution to labor accident and occupational diseases insurance and the government's agreement to reduce the unemployment insurance contribution rate
  • Input value added tax (VAT) when a branch uses a headquarter's bank accounts to settle payments
  • A VAT refund when a project management office of a foreign contractor dissolves and accumulated input VAT has not been fully credited
  • Excluding a trade discount from the taxable price for the "special consumption tax" calculation


Read an April 2017 report [PDF 325 KB] prepared by the KPMG member firm in Vietnam

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal