All taxes in Vietnam are imposed at the national level; there are no local, city, or provincial taxes. Enterprises should pay tax in localities where they are headquartered or have duly registered branches.
Most companies and foreign investors in Vietnam are subject to the following major taxes:
- Corporate income tax;
- Business license tax;
- Value-added tax;
- Special consumption tax; and
- Foreign contractor tax.
Value-added tax
Value-added tax (VAT) is imposed on the supply of goods and services at three different rates: 0, 5, and 10 percent, with the latter being the standard rate.
Source: aseanbriefing.com
