Circular No. 197/2009/TT-BTC about FCWT

On October 09, 2009 Ministry of Finance (MOF) issued Circular No. 197/2009/TT-BTC to provide supplementation of Circular No.134/2008/TT-BTC dated 31/12/2008 of MOF on detail regulations on taxation applicable to foreign contractors and foreign subcontractors doing business in Vietnam or having income derived from Vietnam.

For more details, please download the entire Circular No. 197/2009/TT-BTC.
Circular No. 197 2009 MOF about FCWT.rar
Circular No. 134 2008 MoF EIT FCWT.rar

Circular No. 176/2009/TT-BTC – Reduce Income Tax for people working in the Economic Zones

Individuals working for Economic Zones (EZs) in VietNam will enjoy a 50% reduction of their yearly income tax, stipulates the Ministry of Finance’s (MoF) Circular No. 176/2009/TT-BTC.
The beneficiaries include both Vietnamese and foreign residents or non-residents directly working in management boards, State management agencies, and business enterprises in EZs.

Especially, employees who serve for organizations or individuals operating outside EZs and are assigned to work in EZs will enjoy the tax reduction policy.