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.
TIME FOR PROFITS REMITTANCE ABROAD
Annual profits remittance abroad
Foreign investors can annually remit abroad profits they are shared or earn from their direct investment in Vietnam when fiscal year is over after enterprises in which foreign investors join investment have completed financial obligations to the State of Vietnam under the provisions of law and submitted audited financial statements and enterprise income tax finalization declarations of that year to direct managing tax offices.
Profits remittance abroad when finished direct investment activities in Vietnam
Foreign investors can remit abroad profits when finished direct investment activities in Vietnam after enterprises in which foreign investors join investment have accomplished financial obligations towards the Vietnam State under law, submitted audited financial statements and enterprise income tax finalization declarations to direct managing tax offices and implement fully all the obligations under the Law on Tax Administration.
TAX ON INVESTMENT CAPITAL PRIOR PROFITS REMITTANCE ABROAD
Important notes: The investors not only required to comply with all the local business regulations, pay for corporate income tax, the investors shall pay tax for incomes from capital investment, the tax rate on the income from capital investment is 5% according to the whole income tax table.
Incomes from capital investment are personal income in the form of:
- Interest on the loans given to other organizations, enterprises, business households, business individuals and groups of business individuals according to loan contracts or agreements, except for the interests paid by credit institutions and branches of foreign banks.
- The dividends earned from capital contribution to purchase of shares.
- Profits from capital contributions to limited liability companies (including single-member limited liability companies), partnerships, cooperatives, joint-ventures, business cooperation contracts, and other forms of business according to the Law on Enterprises and the Law on Cooperatives; profits from capital contribution in the establishment of credit institutions according to the Law on credit institutions, capital contributions to securities investment fund and other investment funds that are established and operated within the law.
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