Vietnam to Exempt Income Tax for Foreign Experts in NGO Projects

Tuan Minh

15:40 24/02/2016

BizLIVE - The Vietnamese government has exempted personal income tax for overseas experts working for foreign NGO-financed projects in the country.

Vietnam to Exempt Income Tax for Foreign Experts in NGO Projects

The Vietnamese government has exempted personal income tax for overseas experts working for foreign NGO-financed projects. (Photo: tinhhoa.net)

The Vietnamese government has issued a decision clearing overseas experts working for foreign non-governmental organization (NGO)-funded projects/programs from personal income tax (PIT) exemption.
To get exempted from PIT, a foreign expert must have a contract signed with the overseas NGO that directly carries out the program/project, and terms of reference (TOR), according to the decision.
The government also forgoes income tax for Vietnamese staff fully employed by organizations under the umbrella of the United Nations in the country.  
Both regulations will come into force on May 1, 2016.

TUAN MINH