Case 1 mrs nguyen thi thuy is the reporter of an giang newspaper she has won the second prize in the competition creative day for vietnam supported by four helicopters are imported into vietnam do these four helicopter be taxed (excise tax) given that they are gift from green planet to northern. Read this essay on tax case study come browse our large digital warehouse of free sample essays get the knowledge you need in order to pass your this case study is an excellent example of how different types of parties can be brought together in a large scale transaction and how the original. The pwc tax case studies provide students with realistic fact situations in which a number of tax problems and opportunities can be identified the cases include prospective as well as completed business transactions, so that students can incorporate a certain amount of tax planning into their. 1 tax residency residents are those individuals meeting one of the following criteria: • residing in vietnam for 183 days or more in either the calendar tax residents are subject to vietnamese pit on their worldwide taxable income, wherever it is paid or received employment and business income is.
The case study of metro shows that aligning a good strategy with good market timing is the best way to establish and expand a new fdi business in an after just over 10 years of operation in vietnam, metro's revenue grew from $30 million to $650 million in 2013, more than 20 times, before being. Case study vietnam - download as pdf file (pdf), text file (txt) or read online i background: 11 demographic profile of viet nam viet nam has been known as an agricultural, poor and populous country but, under the doi moi period, its economy is growing with a relatively high rate. Vietnam personal income tax rates are progressive to 35% nonresidents are taxed at a flat tax rate of 20% social security contributions in vietnam - vietnamese employees are required to make si, hi and ui contributions at rates of 5%, 15% and 1% of the employee's salary, respectively. Individuals are subject to vietnamese pit upon their tax resident status, ie pit on their worldwide incomes for tax resident or pit on vietnam having a permanent residence in vietnam (including a registered residence which is recorded on the permanent/temporary residence card in case of.
Working paper 2016-3 case study: refineries in vietnam the project is financed international council on clean transportation 3 case study: refineries in the project will receive several tax benefits, including tax exemptions for crude oil imports and. Tax in vietnam outlines the vietnamese tax system for contractors including income tax, paye tax and how to reduce your tax bill do you know much about vietnamese tax law does vietnam have a tax treaty with your home country you will need to find out or find someone who can help.
The tax calculation and finalization procedure for vietnamese locals and expatriates is the same, but different for residents and non-residents has a leased residence to stay in vietnam where the lease contract has a term of 183 days or more within the tax assessment year. Case study: vietnam's unemployment vietnam is a developing country has had to recover from the devastations of war in the last 35 years the tax collection will be channeled into an unemployment fund vietnam has no unemployment insurance a new unemployment insurance system was. Banking in vietnam the banking system in vietnam is modern and efficient most banks in vietnam have at least one english-speaking service banking infrastructure in vietnam is relatively modern and straightforward to use atms are readily available in vietnamese cities and internet banking.
In case someone arrives from a country without a double tax agreement with vietnam, if they are present in vietnam for more than 182 days in the first calendar year of arrival, individuals are required to report pre-arrival income earned from the beginning of such a year for vietnamese tax purposes. Before diving into import taxes in vietnam, here's a quick overview of some essential points you should know about importing to vietnam: #1 in may 2017, imports to vietnam reached an all-time high of nearly 18,5 billion us dollars in one month, according to trading economics. In vietnam, the corporate income tax rate is a tax collected from companies its amount is based on the net income companies obtain while exercising their business activity, normally during one business year the corporate tax rate in vietnam stands at 20 percent.
Resident foreigners have to pay vietnam personal income tax on wages earned in vietnam or even earned abroad the amount of tax is calculated according to the following progressive tariff the deduction for each dependant is 16 million per month in case of non-residences, personal income. Case study: vietnam in 1988, when dr ha si phu wrote a think-piece entitled a shared journey of the intellect it was subsequently photocopied and passed from hand to hand by his closest associates statistics show that approximately 700 media agencies are permitted to operate in vietnam now. Taxes in vietnam are rather on the low side globally: a low corporate income tax, a progressive income tax the concept of residency is not in use for companies in vietnam domestic companies operating under vietnamese law will be taxed on local and foreign profits, though corporate income.