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ADB: Vietnam’s 2009 GDP growth to be highest in South East Asia
MGM Grand Ho Tram: Vietnam’s First ‘Las Vegas Style’ Integrated Resort
Nha Trang’s Twin Towers project licenced
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Publication permit No: 60/GP-TTĐT , April 05, 2010.
Broader tax breaks for foreign experts
Date: 10/27/2009 9:43:28 AM
The prime minister signed Decision No 119/2009/QD-TTg on October 1, containing regulations on foreign experts implementing programmes and projects in Vietnam using official development assistance (ODA).
Broader tax breaks for foreign experts.
The decision replaces Decision No. 211/1998/QD-TTg of October 31, 1998.
The decision extends visa policies applicable to foreign experts and their family members. The import tax exemption on personal assets applied and experts who remain in residence in Vietnam
In addition to exemption from personal income tax on income from ODA-funded projects, and from requirements to register for professional lisences, the new regulation also exempts all experts working on ODA projects from work permit requirements.
The decision takes effect on November 20.
(Source:Vietnamnews)
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