Minister of Finance has issued Circular No. 103/2014/TT- BTC (Circular
103) dated 6 August 2014, replacing Circular No. 60/2012/TT-BTC,
providing guidance on Foreign Contractor Tax (FCT).

Key changes under Circular 103 include:

Extending applicable subjects

  • Foreign Contractors (FCs) who distribute goods and services in Vietnam.
  • FCs who conclude contract through authorized Vietnamese parties.
  • FCs who perform the rights of import, export and distribution in Vietnam.
  • FCs who deliver goods inside Vietnam territory.

Extending non-applicable subjects

  • FCs who use the bonded warehouse, ICD for the certain purposes.
  • FCs who provides goods with warranty terms (without any other services performed in Vietnam).

 

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