Q&A on Asian Bus.

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Is there any tax on investment profits?

  • FAQ: VIETNAM
  • Date: 15.07.2010

Several taxes are payable on investment profits, including the taxes set out below:

Two taxes are imposed on profits from foreign investment: 

  • corporate income tax which is levied on profits of FIEs and foreign parties to BCCs ( CIT law  of 2003); and
  • withholding tax (remittance tax) which is imposed when profits are repatriated ( Law on Foreign Investment , Art 43) — abolished as from 1 January 2004.

For more details, see Asia Business Guide , [VIT ¶35-201] Taxes on investment profits