The 31 March 2017 deadline is fast approaching for 2016 Personal Income Tax finalisations in Vietnam. Businesses and individuals in Vietnam that have been subject to the Personal Income Tax (“PIT”) system should plan for preparing for 2016 annual finalisations of PIT for themselves or their staff (including foreign staff) before the deadline.
Opportunities abound for entrepreneurial foreign business people seeking to start their own business in Vietnam – either as an extension of their current foreign operations, or as a new venture based out of Vietnam. However, caution (as ever) needs to be cast on these opportunities, as there are as many failures as success stories.
31 March 2017 is the deadline for lodgement of 2016 Financial Statements and tax finalisations for most entities in Vietnam. Further to this, foreign invested enterprises and specified other enterprises are required to have their Financial Statements audited prior to lodgement to the relevant authorities.
This Tax Update publication for February 2017 looks at a selection of Decrees and Official Letters which have been released recently, providing guidance in the often confusing realm of Vietnamese taxation. As always, please contact us if you would like further information on any of the items discussed in our publication.
This January 2017 edition of Domicile’s Tax Updates looks at recently issued Circulars and Official Letters from Vietnam authorities, providing guidance in the often confusing realm of Vietnamese taxation. As always, please contact us if you would like further information on any of the items discussed in our publication.
Dear Clients and Friends
Domicile Corporate Services wishes to thank everyone for their ongoing support over the previous 12 months, and wishes everyone a prosperous and rewarding 2017.
Our offices will be closed from Thursday 26 January until Wednesday 1 February 2017 (inclusive) in line with Vietnam’s national Public Holidays. We will reopen as usual on Thursday 2 February 2017.
Happy New Year / Chuc Mung Nam Moi
Managing Partner, Domicile Corporate Services
We have produced a simple Infographic publication that shows potential investors some of the steps and fundamentals when establishing a company in Vietnam.
With 2016 almost at an end, and 2017 fast approaching, now is the time for businesses in Vietnam to stop, reflect and ensure that they have 2016 truly under control and are ready to set 2017 off to a successful start.
We are always working with our clients to make a difference to their business.
We see successful clients as a measure of our success, and the best source of our own growth.