Tax implications of Royalty Payments in Vietnam

With the aim of promoting the development of intellectual property and high technology, particularly in the current context of globalization, the Vietnamese Government provides incentives through a variety of tax treatments on royalty transfers. Organizations/ individuals having relevant income in this regard should understand the incentives that Vietnam currently offers, as well their tax implications, to make the most of the opportunities available. In this article, Mr Nguyen Hung Du, Tax Partner and Ms Tran Nguyen Mong Van, Tax Director of Grant Thornton Vietnam provide details on the tax treatment of royalties in Vietnam and the potential benefits and opportunities for foreign enterprises. Click HERE to view the full article.