Uni 11-01-2021 - Tax policy for capital transfer of foreign organizations

Official Letter No. 101 / CTHDU-TTHT on capital transfer activities of foreign organizations as follows:

In case the company owner in Vietnam is a foreign organization assigns the contributed capital amount to another foreign organization, the Vietnamese company shall declare and pay the payable corporate income tax on behalf of its operation. capital transfer from foreign organizations. If the Company is eligible to conduct accounting in foreign currency and comply with the provisions of law on accounting regime, the transfer price and purchase price of the transferred capital shall be determined in the foreign currency.