Vietnam: Proposals to amend direct and indirect taxes - KPMG Global
Share with your friends

Vietnam: Proposals to amend direct and indirect taxes

Vietnam: Proposals to amend direct and indirect taxes

The Ministry of Finance submitted a proposal for draft legislation that would amend the laws concerning direct and indirect taxes.


Related content

The draft legislation includes proposals to amend the corporate income tax, the individual (personal) income tax, the value added tax (VAT), the special consumption tax, the foreign contractor tax, and the natural resources tax. The government is expected to consider and then send draft legislation to the National Assembly, and if passed, the legislation would be effective 1 January 2019.

Among the proposals in the draft legislation are the following items:

  • Concerning the indirect taxes of VAT and the special consumption tax—the list of taxable subjects would be expanded, and the tax rates would be increased.
  • Concerning the direct taxes of corporate and individual income tax—the tax rates would be reduced.

There are also proposals for tax incentives to be provided to the domestic automotive industry, with certain automotive product projects being subject to corporate income tax incentive rates of 10% or 15% (assuming certain conditions are satisfied).  


Read a September 2017 report [PDF 590 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


Want to do business with KPMG?


Request for proposal