Danh mục nội dung
Profits allowed to be transferred abroad are profits that foreign-invested enterprises have from lawful profits divided or earned from direct investment activities in Vietnam according to the Investment Law, after when fully fulfilling financial obligations to the State of Vietnam. A company’s profit may only be distributed to its members after its tax liabilities and other financial obligations have been fulfilled as prescribed by law and it is able to fully pay its due debts and other liabilities after profit is distributed.
PROFITS WHICH ARE REMITTED ABROAD.
- Profits from Vietnam are remitted abroad by foreign investors are legal profits that they are shared or earn from direct investment activities in Vietnam under the Investment Law after finished fully financial obligations with the Vietnam State under regulations.
- Profits from Vietnam may be remitted abroad in cash or in kind.
- Profits are remitted abroad in cash in accordance with the law on foreign exchange management. The investors shall use foreign currency accounts of direct investment for the transfer of profits and other legal receipts in foreign currency out of Vietnam;
- Profits are remitted abroad in kind and converted of objects’ value in accordance with the law on goods import and export and the provisions of relevant laws.
DETERMINATION THE NUMBER OF PROFITS REMITTED ABROAD
- Annual profits remitted abroad mean profits foreign investors are shared or earn in a financial year from their direct investment based on audited financial statements, enterprise income tax balance sheets in which foreign investors join investment plus (+) other profit items example as profit items have not remitted yet from previous years adding this year; minus (-) profit items foreign investors have used or committed using in order to reinvest in Vietnam, the profit items foreign investors have used to pay for expenditure items of foreign investors for production and business activities or for foreign investors’ personal demands in Vietnam.
- Profits are remitted abroad when investment activities in Vietnam are over shall be the total profits earned by foreign investors in the process of direct investment in Vietnam, minus (-) profit items have be used for reinvestment, the profit items were remitted abroad during foreign investors’ operation period in Vietnam and the items been used for other expenditures of foreign investors in Vietnam
- Foreign investors shall not allowed to remit abroad profits they are shared or earned from their direct investment in Vietnam in araised profit year in case that the year financial statements of enterprises in which they make investment and araise profits still contain accumulated losses after such losses have been carried forward under the law on enterprise income tax.
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