In the Tax Alert issued in October 2015, Deloitte Vietnam has updated the guidance of several provincial tax offices on 5% withholding VAT applicable to income of foreign contractors from transfer of rights to use trademark. Thereby, Deloitte Vietnam has recommended enterprises to consider tax impacts of this issue and make necessary tax adjustments where necessary.

On 7 November 2016, the Ministry of Finance issued Official Letter 15888/BTC-CST to all provincial tax departments to provide detailed guidance on FCWT applicable to income of foreign contractors from transfer of rights to use trademarks. Accordingly, Deloitte would like to summarize official guidance under OL 15888 for your information Please click Deloitte Vietnam_Tax Alert_ OL 15888 BTC-CST providing guidance on FCWT on transfer of rights to use trademark_ EN.


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