HOW TO DECLARE VAT FOR FOREIGN CONTRACTORS IN VIETNAM

Foreign Contractors are subject to tax for their income in Vietnam. On February 11, 2015, the Ministry of Finance signed the Decision No. 274/QD-BTC on publishing amendments and supplements of administrative procedures in the tax management under the Ministry of Finance’s authority.

Declare Tax for Foreign Contractors in Vietnam

Under this Decision, procedures of declaring tax for foreign contractors, foreign sub-contractors paying value added tax according to the direct method on value added tax, paying enterprise tax based on percentage of revenue for business operations and other incomes shall be amended and replaced. Specifically, foreign contractor, foreign sub-contractor shall prepare one dossier including tax declaration (according to the Form), copies of the Contract for Contractor/Sub-Contractor certified by the tax payer (for the first tax declaration of Contract for Contractor); Copy of Business License or Profession license certified by the tax payer and send to the Department of Taxation. Of which, tax declaration shall be made in each arising tax duty. Deadline for submitting the tax declaration document is no later than the tenth day since the day of arising tax duty. In the event that Vietnamese party pays for foreign contract many times in the month, it can be declared by month instead of making declarations for each time. Deadline for submitting the tax declaration document is no later than the twentieth day of the next month since the month of arising tax duty. This Decision takes effect on October 01, 2014.

For advise or service request, please contact us via email ant@antlawers.vn, or call +84 8 3520 2779 (HCMC Office), +84 4 39388751 (Hanoi Office).  To learn more about us, please visitwww.antlawyers.vn 

ANT Lawyers is a Vietnam law firm with international standards, recognized by IFLR1000 on Financial and Corporate practice. We are an exclusive Vietnam member of Prae Legal, the global law firm network covering more than 150 jurisdictions. The firm provides a range of legal services as following to multinational and domestic clients.

Commercial

Dispute Resolution

Debt Recovery

Employment

Foreign Investment

Intellectual Property

International Trade and Taxes

Infrastructure and Project

Civil Matter

This publication is designed to provide updated information of legal matters, and does not constitute professional advice.

Read More

Work permit in Vietnam

Foreign employee working in Vietnam is required to have work permit issued by respective Department of Labour, War Invalids and Social Affairs (“DOLISA”) of province or city where the company that sponsor work permit registers the business.  

Failing to comply would lead to foreign workers to be deported by Vietnam Public Security at the request of DOLISA.  Vietnam Labour Code and Decree 102/2013/ND-CP effective on Nov 1st, 2013 provide details of the regulations on foreign employment in Vietnam.  It is suggested that companies wishing to employ foreign workers and foreign workers to counsel with employment lawyers in order to ensure compliance.  Our employment lawyers in Vietnam keep following up with the changes in labour regulations  in Vietnam to give our clients the best service.

As the current regulations, the foreign employee might be asked to present his/her work permit at entering or leaving Vietnam or when requested by government authority.  The companies seeking to employ foreign workers are only allowed to employ for managerial or technical positions which Vietnam employee could not meet the requirements of the jobs.  Before employment of foreign workers, the companies will have to report the demand to, and get the approval from the People’s Committee of the province or city where the employers register their business. 

The dossiers submitted to DOLISA have to include: i) application form; ii) health certificate; iii) certificate of criminal record; iv) document to prove managerial or technical experience; v) approval of People’s Committee; vi) passport size pictures; vii) passport; viii) and documents related to the purpose of foreign workers in Vietnam i.e. labour contract, assignment letter. The work permit is valid for two years.

In order to seek further advice, please contact us at ant@antlawyers.vn or call + 84 35202779.  ANT Lawyers, your lawyers in Vietnam.

Read More

Shipping and logistics

Ant Lawyers regularly advises foreign clients in shipping and logistic industries, including matters relating to ship building, charter party, insurance claims, vessel collision, environmental matters, and WTO and investment law issues in connection with foreign investment in the shipping, port operation and logistic industries.

If you would like further information on Contract consultancy, please either email to our Partner

ant@antlawyers.vn, or call +84 8 3520 2779 (HCMC Office), +84 4 39388751 (Hanoi Office). To learn more about us, please visit www.antlawyers.vn

ANT Lawyers is a Vietnam law firm with international standards, recognized by IFLR1000 on Financial and Corporate practice. We are an exclusive Vietnam member of Prae Legal, the global law firm network covering more than 150 jurisdictions. The firm provides a range of legal services as following to multinational and domestic clients.

Commercial

Dispute Resolution

Debt Recovery

Employment

Foreign Investment

Intellectual Property

International Trade and Taxes

Infrastructure and Project

Civil Matter

This publication is designed to provide updated information of legal matters, and does not constitute professional advice.

Read More

Family, probate and trusts

Our experience covers the spectrum of family, probate and trusts matters, ranging from simple family law matters to contentious matrimonial proceedings and complex inheritance disputes, involving conflict of laws relating to matrimony and devolution of estates.

If you would like further information on Contract consultancy, please either email to our Partner
ant@antlawyers.vn, or call +84 8 3520 2779 (HCMC Office), +84 4 39388751 (Hanoi Office). To learn more about us, please visit www.antlawyers.vn

ANT Lawyers is a Vietnam law firm with international standards, recognized by IFLR1000 on Financial and Corporate practice. We are an exclusive Vietnam member of Prae Legal, the global law firm network covering more than 150 jurisdictions. The firm provides a range of legal services as following to multinational and domestic clients.

Commercial

Dispute Resolution

Debt Recovery

Employment

Foreign Investment

Intellectual Property

International Trade and Taxes

Infrastructure and Project

Civil Matter

This publication is designed to provide updated information of legal matters, and does not constitute professional advice.

Read More

Criminal Law

We advise and represent clients in cases involving all aspects of white collar and blue collar crime under the various statutory provisions. We also assist in private prosecutions and the lodging of complaints in the Magistrate's Courts. Our work covers the spectrum of criminal matters, ranging from simple theft matters to contentious murder proceedings and complex white collar crime disputes such as corruption, corporate fraud (including breach of trust, cheating and forgery),offences under the Computer Misuse Act and breach of fiduciary duties.
We work closely with doctors, psychiatrists and other specialists and experts in cases involving contest of expert psychiatric or medical opinions.

If you would like further information on Contract consultancy, please either email to our Partner
ant@antlawyers.vn, or call +84 8 3520 2779 (HCMC Office), +84 4 39388751 (Hanoi Office). To learn more about us, please visit www.antlawyers.vn

ANT Lawyers is a Vietnam law firm with international standards, recognized by IFLR1000 on Financial and Corporate practice. We are an exclusive Vietnam member of Prae Legal, the global law firm network covering more than 150 jurisdictions. The firm provides a range of legal services as following to multinational and domestic clients.

Commercial

Dispute Resolution

Debt Recovery

Employment

Foreign Investment

Intellectual Property

International Trade and Taxes

Infrastructure and Project

Civil Matter

This publication is designed to provide updated information of legal matters, and does not constitute professional advice.

Read More

Conveyancing

CONVEYANCING




Our Conveyancing practice is strong in real estate matters in Singapore where we act for developers, landlords, real estate investment trusts, sellers and buyers, lenders and borrowers in sale and purchase, financing, real estate securitization and lease transactions. Notably we represent and are on the legal panel of many banks for large scale residential projects, and are appointed to the panel of the Central Provident Fund of Singapore. Our real estate work also extends beyond Singapore, as we also represent investors in and developers of real estate in Indo-China.

If you would like further information on Contract consultancy, please either email to our Partner
ant@antlawyers.vn, or call +84 8 3520 2779 (HCMC Office), +84 4 39388751 (Hanoi Office). To learn more about us, please visit www.antlawyers.vn

ANT Lawyers is a Vietnam law firm with international standards, recognized by IFLR1000 on Financial and Corporate practice. We are an exclusive Vietnam member of Prae Legal, the global law firm network covering more than 150 jurisdictions. The firm provides a range of legal services as following to multinational and domestic clients.

Commercial

Dispute Resolution

Debt Recovery

Employment

Foreign Investment

Intellectual Property

International Trade and Taxes

Infrastructure and Project

Civil Matter

This publication is designed to provide updated information of legal matters, and does not constitute professional advice.

Read More

CAPITAL MARKETS AND SECURITIES

We take pride in our growing Capital Markets and Securities group, which is spearheaded by our Ant Lawyers who has more than twelve years of post qualification experience accumulated in Singapore and international law firms. Members of the group have a sound track record of working with companies and issue managers / underwriters in initial public offerings, private placements, takeovers and reverse takeovers, and other capital market projects. The group also regularly advises companies listed on the Singapore Exchange Securities Trading Limited on continuing compliance with listing rules and other regulations and corporate governance issues. Group members are involved in advising listed companies on their M&As and other major transactions. We frequently assist listed companies in preparing shareholders' circulars for a wide range of matters, including employee share option schemes, major acquisitions / disposals and interested person transactions. Whilst the group works primarily with listing aspirants from the People's Republic of China, given our material presence in Indo-China, the group is currently exploring potential listing opportunities for fast expanding businesses from Indo-China. If you would like further information on Contract consultancy, please either email to our Partner ant@antlawyers.vn, or call +84 8 3520 2779 (HCMC Office), +84 4 39388751 (Hanoi Office). To learn more about us, please visit www.antlawyers.vn ANT Lawyers is a Vietnam law firm with international standards, recognized by IFLR1000 on Financial and Corporate practice. We are an exclusive Vietnam member of Prae Legal, the global law firm network covering more than 150 jurisdictions. The firm provides a range of legal services as following to multinational and domestic clients. Commercial Dispute Resolution Debt Recovery Employment Foreign Investment Intellectual Property International Trade and Taxes Infrastructure and Project Civil Matter This publication is designed to provide updated information of legal matters, and does not constitute professional advice.

Read More