Vietnam Investment Tax Guide Colliers
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Vietnam Investment Tax Guide Colliers

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Read this short tax guide on buying, selling, holding, and operating in Vietnam. Colliers 2013

Read this short tax guide on buying, selling, holding, and operating in Vietnam. Colliers 2013

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    Vietnam Investment Tax Guide Colliers Vietnam Investment Tax Guide Colliers Document Transcript

    • VIETNAMINVESTMENT GUIDE TAXES TAXES ON PURCHASING REAL ESTATE TAXES ON HOLDING REAL ESTATE PAYABLE BY VENDOR PAYABLE BY OWNER: ENTITIES, HOUSEHOLDS AND INDIVIDUALS WHO HAVE LAND USE RIGHTS OR ARE USING THE LAND > CORPORATE INCOME TAX Based on income 25% (22% IN 2014, 20% IN 2016) 20% for SMEs: annual gross rev- enue less than VND20 billion and less than 200 full-time employees CHARGEABLE ON: Transfer of immovable properties > VAT Based on transaction value 10% CHARGEABLE ON: Real estate businesses EXEMPTION: The transfer of land use rights is exempt from VAT > NON-AGRICULTURAL LAND USE TAX (“NALU TAX”) 0.03% Based on land areas that are within the land use limit 0.07% Based on land areas that are beyond the land use limits, but not over three times the limit 0.15% Based on land areas that exceeds three times the land use limits or is not used in compliance with the specified use CHARGEABLE ON: Land / land use right PAYABLE BY PURCHASER PAYABLE BY OWNER > REGISTRATION FEE Based on transfer value 0.5% UP TO VND500M (US$24,800) CHARGEABLE ON: Land use rights and the property atached to the land > NOTARY FEES Based on value of the land use rights or the property attached to land, or the value of various transactions VND50,000 TO VND10M (US$2.4 TO US$480) CHARGEABLE ON: Land and propertiesPAYABLE BY OWNER > NOTARY FEES Based on value of the land use rights or the property attached to land, or the value of various transactions VND50,000 TO VND10M (US$2.4 TO US$480) CHARGEABLE ON: Land and properties > CORPORATE TAX RATE 25% (22% IN 2014, 20% IN 2016) INVESTMENT SERVICES In Vietnam’s dynamic market, you need access to leading market in- sight and quality advice to achieve a competitive advantage. As you build or diversify your port- folio in the region, we can partner with you to capture cross-border opportunities and offer exposure and linkage to desired markets. Backed by an outstanding track record, wealth of knowledge and strong regional presence, our team is able to deliver comprehensive solutions. We offer a full spectrum of valua- tion and appraisal, debt placement, property assessment and manage- ment, and project management services to increase your asset’s value. INVESTMENT OPPORTUNITIES >CANTAVILPREMIER district 2 A brand new retail podium built by Daewon, a reputable International Developer, the podium is comprised of 7 levels and 1 basement of retail space with a total GFA of 24,729 sqm. Constructed upon the podium are 200 quality residential apartments, of which 92% have been sold. This exceptional opportunity is already 100% leased by high profile tenants such as Park- son, and Lotte Cinema. >A&BTOWER district 1 This beautiful mixed-use commercial tower rises 25 floors above the September 23rd Park, The New World Hotel, Vietnam’s first and only Starbucks, and the coty’s famous BenThanh Market only two blocks away. At 19,000 sqm NFA, the A&B has 94% occu- pancy, and one complete floor was converted to office space is early 2013 due to high demand. PETER DINNING General Director Ho Chi Minh City, Vietnam peter.dinning@colliers.com KYNAM DOAN Investment Manager Ho Chi Minh City, Vietnam kynam.doan@colliers.com For more information, please visit our website at www.colliers.com/en-gb/vietnam Note: Information contained in this publication serves as a general guide only. You should contact your professional tax advisor for detailed tax advice. Colliers Investment Services: Real Estate Investment Tax Guide | Vietnam | 2013 Accelerating Success Colliers International
    • www.colliers.com Colliers International Investment Services Colliers International is a world leader in connecting capital with real estate investment opportunities. We provide breadth and depth of services to both international and local investors, de- velopers, and landowners. Colliers Vietnam is committed to help- ing our clients make informed deci- sions - whether it's through investing, divesting, or holding - to increase the value of their porfolios and achieve target liquidity, risk, and returns. We manage a portfolio of opportuni- ties that offer strong returns along a spectrum of well-understood levels of risk. This portfolio includes bare land, distressed developments, and income- producing properties across all market sectors - commercial, hotel, industrial, residential, and retail. Backed by an outstanding track record, wealth of knowledge and strong regional presence, our team is able to deliver the following services: Acquisitions >> Identify & secure opportunities to help you achieve your porfolio targets >> Assist/Conduct negotiation of let- ter of intent through to settlement of contract >> Conduct Market and Financial Due Diligence as well as advise on best use of land Dispositions >> Execute marketing of asset through our strong network of relationships with institutional investors, banks, developers and high net worth indi- viduals in Vietnam and throughout the Asia Pacific >> Conduct initial due diligence of in- terested parties prior to negotiation >> Assist/Conduct negotiation through to completion of divestment