Vietnam’s regulations on subjects being taxpayers

Circular No. 156/2013/TT-BTC of the Ministry of Finance of Vietnam, taxpayers include:

- The organizations, households, and individuals that pay taxes, fees, or other amounts to government budget as prescribed by law;

- The organizations assigned to collect fees and charges classified as government budget;

- The organizations that provide taxation services;

- The organizations and individuals that deduct tax from incomes, including:

+ Any Vietnamese party that signs a contract with a foreign entity that does business in Vietnam or earns incomes in Vietnam, pays VAT using direct method, pays corporate income tax on revenue;

+ Any organization or individual that deduct tax from incomes of the persons whose incomes are subject to personal income tax;

- Any organization or individual that engage in petroleum exploration or extraction, including:

+ The operator of the petroleum contract concluded in the form of a production sharing contract.

+ The joint operating companies to the petroleum contract concluded in the form of a joint operating contract.

+ The partners to the petroleum contract concluded in the form of a partnership contract or an intergovernmental agreement.

+ PetroVietnam, general companies and companies affiliated to PetroVietnam that engage in petroleum exploration or extraction themselves.

Moreover, Circular No. 156/2013/TT-BTC also stipulates that tax authorities include the General Department of Taxation, Departments of Taxation, and Sub-departments of taxation.

View more details at Circular No. 156/2013/TT-BTC of the Ministry of Finance of Vietnam, effective from December 20, 2013.

Thu Ba

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE