International tax solutions in Vietnam
Understanding the complexities of international tax is essential for companies operating globally. In Vietnam, it is important to grasp and handle cross-border tax responsibilities by having a thorough understanding of local laws and international tax agreements. Our methodology aims to assist businesses in navigating these challenges with confidence, ensuring compliance and optimizing their international tax strategies. We prioritize precision and strategic insight, allowing companies to fulfill their tax responsibilities efficiently while capitalizing on opportunities for tax efficiency across different countries.
International tax rate
Vietnam’s international tax framework enforces a range of taxes on income generated domestically, such as corporate income tax, withholding tax, and VAT. The rate for corporate income tax varies between 20% and 50%, depending on the sector, and there are dedicated rates for non-residents and multinational companies. Additionally, Vietnam adheres to global minimum tax regulations to maintain an effective minimum tax rate of 15% for eligible multinationals. Double taxation agreements aim to alleviate and lessen the tax obligations for international taxpayers.
Our international tax services
We provide a complete range of international tax services aimed at helping businesses navigate the complexities of cross-border taxation in Vietnam. Our objective is to guarantee full compliance while improving your global tax status, enabling you to concentrate on growing your international ventures. Our offerings consist of:
Cross-border tax compliance
We provide cross-border tax compliance services that guarantee your international tax filings are precise and submitted on time, adhering to the tax regulations of both Vietnam and other countries. Our expertise supports you in meeting various reporting obligations, documentation criteria, and filing timelines across different jurisdictions. This service minimizes the likelihood of penalties and keeps your business aligned with international tax laws.
Transfer pricing advisory
We offer specialized Transfer Pricing Advisory services to aid your business in defining and recording pricing strategies for transactions between connected entities across various countries. Our team is involved in creating transfer pricing policies that adhere to Vietnamese regulations and OECD guidelines, thereby reducing the likelihood of disputes and penalties. Additionally, we perform benchmarking studies and create transfer pricing documentation to back your pricing strategies, ensuring compliance with both local and international standards.
International tax planning
Our international tax planning services aim at creating strategies that enhance your worldwide tax situation. We collaborate with you to pinpoint and utilize tax treaties, credits, deductions, and exemptions that can lower your total tax liability. Additionally, we offer advice on organizing your international operations to reduce the risk of permanent establishment and other international tax issues, making certain that your global tax approach is in line with your overall business goals.
Tax treaty analysis and optimization
We provide expert analysis and optimization services for tax treaties to enable you to make the most of Vietnam’s double taxation agreements (DTAs). Our team examines the relevant treaties to uncover opportunities for minimizing withholding taxes, preventing double taxation, and maximizing treaty benefits. This service is especially useful for companies involved in cross-border investments, financing, and supply chain operations.
Foreign tax credit management
Our services for managing foreign tax credits help companies make the most of these credits to prevent double taxation on income generated overseas. We offer advice on how to claim credits for taxes paid in different regions, ensuring your company fully benefits from these credits while adhering to Vietnam’s tax regulations. This approach contributes to lowering your total global tax burden and enhancing your cash flow.
International tax system
Grasping the intricacies of the international tax system in relation to Vietnam is crucial for businesses that operate internationally. Our knowledge offers you an in-depth perspective on the regulations surrounding international taxation, including the effects of worldwide tax reforms like the OECD’s BEPS (Base Erosion and Profit Shifting) initiatives. We assist you in managing the difficulties of global tax compliance and offer strategic guidance to improve your international tax efficiency.
Contact us
If you would like to find out more about our international tax services or talk about how we can help your business navigate cross-border tax issues, do not hesitate to contact us.
Disclaimer
Tax laws and regulations frequently undergo changes and can differ depending on personal circumstances. The information offered here is intended for general guidance and may not represent the latest updates. It is strongly advised to seek the counsel of a qualified tax professional for specific, detailed, and current advice tailored to your situation.