Foreign contractor tax (FCT) in Vietnam is a withholding tax applied to transactions conducted in Vietnam between a foreign person and a Vietnamese company. FCT incorporates two tax components: value added tax (VAT) and personal income tax (PIT) or corporate income tax (CIT), applicable to most foreign contractors registered as organizations. Foreign Contractor Tax in Vietnam applies if business is conducted in Vietnam pursuant to a contract signed between a foreign contractor and a Vietnamese counterparty.
Source: vietnam-briefing.com
Latest Posts in "Vietnam"
- Guidelines for Handling VAT After Provincial Merger in Vietnam (2022-2025)
- Determining Product Groups Eligible for VAT Reduction Under Decree 174/2025/NĐ-CP
- Summary of Recent Legislative Updates on Tax Administration and Various Tax Policies as of August 2025
- New VAT Guidelines for Entities in Vietnam Start on July 1, 2025
- Vietnam and MERCOSUR FTA Negotiations: Expanding Market Access in Latin America
