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Publication permit No: 60/GP-TTĐT , April 05, 2010.
Foreign ODA consultants exempt from personal income tax
Date: 10/6/2009 3:20:12 PM
Foreign experts on official development assistance projects in Vietnam will soon be exempt from paying personal income taxes, according a recently-issued government statute to take effect November 20.
Foreign ODA consultants exempt from personal income tax.
The consultants’ incomes exempt from the tax, as regulated by new the statute, include salary or wages they are paid from any and all ODA projects and programs.
Personal income tax exemptions are currently granted to foreign experts only on certain ODA projects and programs.
The consultants are allowed to stay in Vietnam for no longer than 183 days at a time and will not be asked to pay taxes on any necessities they bring into, or buy in, Vietnam, according to the statute. Moreover, Vietnam will grant visas for the consultants’ families, allowing them to enter and leave the country as many times as proposed by the agencies in charge of the ODA projects and programs.
The experts and their families can also bring foreign currencies into Vietnam and exchange them, and bring their legal incomes out of the country.
(Source:Thanh Nien News)
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NEWS CATALOGUE
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