Vietnam’s tax authorities issued guidance concerning the tax treatment and the determination of increased income from expansion projects during the period 2009-2013 for income that is not entitled to corporate income tax incentives.
The guidance provides two methods by which such income may be determined. Also other following guidance concerns:
- VAT rate of 0% for auxiliary services supporting export trade.
- The type of invoice used in customs records for exported goods.
- The individual (personal) income tax treatment of housing allowances.
- Calculating individual income tax or foreigner expatriates working in Vietnam.
