Vietnam Pocket Tax Book 2016 www.pwc.com/vn PwC - Vietnam Pocket Tax Book 2016 2 PwC - Vietnam Pocket Tax Book 201 6 3 Contents Taxation • General Overview 6 Corporate Income Tax 7 • Tax Rates • Tax Incentives • Calculation of Taxable Profits • Non-deductible Expenses • Losses • Administration • Profit Remittance Transfer Pricing 10 Foreign Contractor Tax 11 • Dividends • Interest • Royalties, Licence fees, etc. • Freight & Transportation Services • Payments to Foreign Contractors • Double Taxation Agreements Capital Assignment Profits Tax 1 4 Value Added Tax 1 5 • Scope of Application • Goods and Services not Subject to VAT • Exempt Goods and Services • Tax Rates • Exported Services • VAT Calculation Methods • Discounts and Promotions • Goods and Services Used Internally • Administration • Refunds • Tax Invoices Special Sales Tax 1 9 • Taxable Price • Tax Credit • Tax Rates Natural Resources Tax 21 Property Taxes 22 Environment Protection Tax 23 Import and Export Duties 24 • Rates • Calculations • Exemptions • Refunds • Export Duties