Official letter 32313/CTHN-TTHT about PIT policy for nonresident individuals:
In case Aizawa Securities Co., Ltd. has sent foreign personnel to work in Vietnam to study and consult the market reality, meeting the conditions that the individual does not reside in Vietnam according to regulations, then:
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In case the Company's payments in Vietnam to foreign workers are determined as income from salary, wages, monetary or non-monetary benefits other than salary, wages paid by the employer. Employers pay that taxpayers are entitled to any form arising in Vietnam according to the provisions of Circular 119/2014/TT-BTC, the Company is responsible for withholding 20% before paying to individuals.
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In case the Vietnamese company pays on behalf of the foreign company according to the agreement on collection and payment between the two parties, the expenses for the individual foreign worker and does not generate any income subject to PIT as prescribed in Article 3. The Law on PIT is not subject to PIT in Vietnam.
