Asia-Pacific · Tax guide

Vietnam

Vietnam taxes companies at 20%, with lower rates for small companies under the new 2025 corporate income tax law, charges VAT at 10% (8% on many goods and services until 31 December 2026), taxes foreign suppliers through the foreign contractor tax, and applies the global minimum tax. Taxes are administered by the tax department of the Ministry of Finance.

Updated 1 October 2026 · 9 of 9 figures checked against official sources

Check your obligations

At a glance

Corporate income tax: 20%
VAT: 10%
Foreign contractor tax on royalties: 10%
Foreign contractor tax on services: 5% CIT plus 5% VAT
Small-company rates: 15% (revenue up to ₫3 billion) or 17% (₫3 billion to ₫50 billion)
Global minimum tax: 15%

Corporate income tax

Companies pay 20%. Under the corporate income tax law that applies from the 2025 tax year, small companies pay 15% (revenue up to ₫3 billion) or 17% (₫3 billion to ₫50 billion). Provisional tax is paid quarterly and the annual finalisation is filed within 90 days of the year-end. Projects in encouraged sectors or zones can get preferential rates and tax holidays.

VAT and e-invoicing

VAT is charged at 10%, with 8% on many goods and services until 31 December 2026. Businesses declare monthly, or quarterly if smaller, using the credit method.

All businesses must issue electronic invoices in the tax authority's format; retailers and restaurants must issue invoices from cash registers connected to the tax authority. Household businesses moved from lump-sum tax to self-declaration in 2026.

Foreign contractor tax

Payments to foreign companies without a presence in Vietnam attract foreign contractor tax, withheld by the Vietnamese payer and declared within ten days of payment: 10% on royalties, 5% on interest, and 5% CIT plus 5% VAT on services. Dividends paid to foreign corporate investors carry no withholding.

Transfer pricing and the global minimum tax

Related-party transactions must be at arm's length and disclosed with the annual return; net interest deductions are capped. Large multinational groups pay Vietnam's qualified domestic minimum top-up tax at 15%.

Key dates

Monthly or quarterlyVAT returns
By the 30th of the month after each quarterProvisional corporate income tax
Within 90 days of the year-endAnnual corporate income tax finalisation

Figures and sources

9 figures

Corporate income tax rate20%

Law on Corporate Income Tax No. 67/2025/QH15 · Art. 10(1)
Checked against the official source
Standard VAT rate10%

Law on Value-Added Tax No. 48/2024/QH15 · Art. 9(3)
Checked against the official source
Temporary VAT reduction8% on many goods and services until 31 December 2026

Resolution 204/2025/QH15 · Art. 1(2)(a); Art. 2(1)
Checked against the official source
Foreign contractor tax (corporate income tax part) on royalties10%

Circular 103/2014/TT-BTC · Art. 12(3)(c)
Checked against the official source
Foreign contractor tax (corporate income tax part) on interest5%

Circular 103/2014/TT-BTC · Art. 12(3)(e)
Checked against the official source
Foreign contractor tax on services5% CIT plus 5% VAT

Circular 103/2014/TT-BTC · Art. 12(3)(a)
Checked against the official source
Reduced rates for small companies15% (revenue up to ₫3 billion) or 17% (₫3 billion to ₫50 billion)

Law on Corporate Income Tax No. 67/2025/QH15 · Art. 10
Checked against the official source
Annual revenue limit for the reduced rates₫50,000,000,000

Law on Corporate Income Tax No. 67/2025/QH15 · Art. 10(3)
Checked against the official source
Global minimum tax rate15%

Resolution 107/2023/QH15; Decree 236/2025/ND-CP · Decree 236/2025/ND-CP, declaration form instructions
Checked against the official source

Indicative only. This assessment is a high-level overview of tax obligations in Vietnam based on the information you provided and rules in force for 2026. It is not tax or legal advice. Consult a qualified tax adviser in Vietnam (a licensed Vietnamese tax agent) before making compliance decisions.