► Circular 103/2014/TT-BTC on Foreign Contractor Tax (FCT) potentially
applies to a wide range of transactions for sale of goods into Vietnam.
This Circular applies from October 2014
► Cases potentially subject to FCT
► Our recommendations
Sale of goods into Vietnam may incur additional tax costs
of foreign companies distributing goods in Vietnam. Circular 103 particularly stipulates: “Foreign companies which partially or wholly carry out distribution of goods and services in Vietnam, whereby they retain the ownership of goods that are delivered to Vietnamese organizations or take responsibility for the costs of distribution, advertising, marketing, quality of goods/services provided, or retain the right to fix the selling prices of goods and services; including
those authorizing or engaging other Vietnamese parties to perform part of the distribution services and other services related to the sale of goods in Vietnam”.Please click here for more information.