Corporate Income tax in Vietnam

Vietnam Corporate Income tax is applicable to Limited Liability Companies, Joint Stock Companies and Commercial Branches that generate profits.
The standard corporate income tax is 20 % as from 1 January 2016.  Companies engaging in the exploration of oil and gas and mineral resources are subject to tax rate ranging from 32% to 50%.

Corporate income tax can be reduced where the investment is made in regions with difficult socio-economic conditions and investment in certain qualified industrial parks. Such investments qualify for tax incentives (e.g. corporate income tax reduction, corporate income tax holidays) and their availability depends on the region of incorporation and business activities.

Company losses may be carried forward for up to 5 years to offset against taxable income.

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