Foreign experts exempted from income tax
07:07 | 06/06/2007
VNGOP – Under Ordinance 55/2007/TT-BTC promulgated by the Ministry of Finance on May 29, foreign experts receiving salary from fulfilling non-governmental programs and projects in Vietnam will be exempted from individual income tax.

The beneficiaries are foreigners employed to work in Vietnam under the agreements between the foreign non-governmental organizations and Vietnamese project governing bodies. These people must directly engage in activities within the NGO-funded projects/programs approved by the Vietnamese governing bodies in line with current regulations on managing and using NGO funds and the Terms of Reference (TOR) applied to foreign experts.

Other entities, including foreign individuals working in representative offices, project offices or functioning as project consultants, are not covered by the Ordinance.

The tax exemption files include a written request for individual income tax exemption from the NGO, a confirmation by the competent body in charge of approving the projects/programs, and other related documents.

The tax agencies will license a certificate on individual income tax exemption to foreign experts.

By Phương Uyên

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