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.
NOTIFICATION OF PROFITS REMITTANCE ABROAD
At least 7 working days before the profit remitted abroad, foreign investors may directly make or authorize enterprises in which they joint investment to make notices on the profits remittance abroad according to the adopted forms and send to direct managing tax offices of the enterprise in which foreign investors join investment.
The content of the notification form to transfer profits abroad must provide complete, accurate, and detailed information as follows:
- Foreign investor (name, nationality,)
- Enterprises with foreign investors participating in capital investment;
- Register investors’ profits transferred abroad;
- Amount of profit proposed to be transferred abroad;
- The investor’s commitment that the information in the notification form is completely true. If it is untrue, you will be responsible in accordance with the law.
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.
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