Capital assignment tax won’t affect FDI and M&A: experts
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Capital Assignment Tax (“CAT”) - Offshore assignment of ...
Capital Assignment Tax (“CAT”) - Offshore assignment of capital & interest deriving from Vietnam is subject to Vietnamese CAT Author: KPMG Subject: Nowadays, it is a common practice for a foreign investor to enter the Vietnamese market via a holding company or another affiliated company of the group located overseas.
Vietnam - Taxation of cross-border M&A - KPMG Global
A new draft CIT law was released proposing to tax the transfer of capital at 2% on gross sales proceeds (not dependent on gain/loss position) applied for both direct and indirect share transfers. It is also further proposed that an internal group restructuring exercise at a no-gain-no-loss position will not be subject to capital assignment tax.
Understanding Vietnam Tax System (2024 Update) - BBCIncorp
Common allowable expenses include costs related to production, salaries and wages, rent, utilities, and depreciation. Deductions your business may qualify for based on specific industries, regions, or projects. Step 2: Determine applicable tax rate. The standard corporate income tax rate in Vietnam is typically 20%.
Dentons - Global tax guide to doing business in Vietnam
Capital Assignment Tax (CAT) Pursuant to current Vietnamese CIT regulations, gains derived by a foreign entity from the assignment or transfer of capital or shares in a Vietnamese LLC or JSC shall be subjected to CAT at the rate of 20%. The gain (or the taxable income) from capitalassignment is determined as follows:
Income tax implications on the assignment of capital in cross ...
A. Direct Capital Transfer in Viet Nam. Where the assignor is an entity, gains derived from the assignment of capital in a Vietnamese company are subject to corporate income tax (CIT) rate of 20%. This is generally referred to as capitalassignment profits tax (CAPT). The taxable gains are determined as the excess of the sale proceeds less cost ...
Income tax implications on the assignment of capital in cross ...
A. Direct Capital Transfer in Viet Nam. Where the assignor is an entity, gains derived from the assignment of capital in a Vietnamese company are subject to corporate income tax (CIT) rate of 20% ...
Foreign Direct Investment in Vietnam - Bloomberg Tax
From a tax perspective, when the foreign enterprise sells its shares/equity in an FDI, it is subject to capital assignment tax (CAT) in Vietnam. CAT is a type of corporate income tax (CIT), while the transaction of capitalassignment is exempted from value-added tax. Under Vietnamese regulations, the CAT formula is:
Vietnam Tax Profile - KPMG
From 1 January 2016, the standard corporate tax rate is 20%. Preferential tax rates can be obtained for encouraged projects. See “Other incentives” section for further details. Certain industries may have a higher tax rate applied (e.g. oil and gas operations and natural resources industry − 32% to 50%).
TAX CONSIDERATIONS IN MERGERS & ACQUISITIONS - Grant Thornton
- Transfer of capital contribution in Limited Liability Company, Joint Stock Company, etc. - Capital gains from the sale of capital contribution of the corporate seller is normally subject to CIT at standard rate of 20% - Buyer is responsible to withhold, declare and pay Capital Assignment Tax to the local tax authority;
Vietnam Pocket Tax Book 2015 - PwC
Various withholding taxes; Capitalassignment profits tax; Value added tax; Import duties; Personal income tax of Vietnamese and expatriate employees; Social insurance, unemployment insurance and health insurance contributions. There are various other taxes that may affect certain specific activities, including:
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COMMENTS
Capital Assignment Tax (“CAT”) - Offshore assignment of capital & interest deriving from Vietnam is subject to Vietnamese CAT Author: KPMG Subject: Nowadays, it is a common practice for a foreign investor to enter the Vietnamese market via a holding company or another affiliated company of the group located overseas.
A new draft CIT law was released proposing to tax the transfer of capital at 2% on gross sales proceeds (not dependent on gain/loss position) applied for both direct and indirect share transfers. It is also further proposed that an internal group restructuring exercise at a no-gain-no-loss position will not be subject to capital assignment tax.
Common allowable expenses include costs related to production, salaries and wages, rent, utilities, and depreciation. Deductions your business may qualify for based on specific industries, regions, or projects. Step 2: Determine applicable tax rate. The standard corporate income tax rate in Vietnam is typically 20%.
Capital Assignment Tax (CAT) Pursuant to current Vietnamese CIT regulations, gains derived by a foreign entity from the assignment or transfer of capital or shares in a Vietnamese LLC or JSC shall be subjected to CAT at the rate of 20%. The gain (or the taxable income) from capital assignment is determined as follows:
A. Direct Capital Transfer in Viet Nam. Where the assignor is an entity, gains derived from the assignment of capital in a Vietnamese company are subject to corporate income tax (CIT) rate of 20%. This is generally referred to as capital assignment profits tax (CAPT). The taxable gains are determined as the excess of the sale proceeds less cost ...
A. Direct Capital Transfer in Viet Nam. Where the assignor is an entity, gains derived from the assignment of capital in a Vietnamese company are subject to corporate income tax (CIT) rate of 20% ...
From a tax perspective, when the foreign enterprise sells its shares/equity in an FDI, it is subject to capital assignment tax (CAT) in Vietnam. CAT is a type of corporate income tax (CIT), while the transaction of capital assignment is exempted from value-added tax. Under Vietnamese regulations, the CAT formula is:
From 1 January 2016, the standard corporate tax rate is 20%. Preferential tax rates can be obtained for encouraged projects. See “Other incentives” section for further details. Certain industries may have a higher tax rate applied (e.g. oil and gas operations and natural resources industry − 32% to 50%).
- Transfer of capital contribution in Limited Liability Company, Joint Stock Company, etc. - Capital gains from the sale of capital contribution of the corporate seller is normally subject to CIT at standard rate of 20% - Buyer is responsible to withhold, declare and pay Capital Assignment Tax to the local tax authority;
Various withholding taxes; Capital assignment profits tax; Value added tax; Import duties; Personal income tax of Vietnamese and expatriate employees; Social insurance, unemployment insurance and health insurance contributions. There are various other taxes that may affect certain specific activities, including: