VGP – The Ministry of Finance has issued Circular No. 103/2014/TT-BTC guiding tax levied on foreign organizations and individuals operating business in Viet Nam or receiving incomes in Viet Nam.
Revenues from business, machines and insurance leasing, construction and installation without the supply of raw materials, machinery and equipment will be subject to a value-added tax rate of 5%.
For production, transportation and services in association with products, construction and installation with the supply of raw materials, machinery and equipment, the rate is 3% and other business activities, the rate is 2%.
The trade distribution, goods supply, materials, supplies, machinery and equipment; distribution and goods supply, materials, supplies,machinery and equipment in accordance with service in Viet Nam will be subject to a corporate income tax of 1%; for services, equipment leasing, insurance, oil rig rent, the tax is 5%; for production, business, transportation (including shipping, air transport), it is 2%; for the transfer of securities, certificates of deposit, foreign reinsurance, and reinsurance commission, the rate is 0.1%.
By Thuy Dung
Đăng ký: VietNam News