Withholding taxes – foreign contractors

Overview

Effective withholding tax management encompasses not only tax filing and compliance requirements but also controls on the correct rate of withholding, maintenance of comprehensive supporting documentation and procedures to ensure tax treaty claims and credits are claimed in full. A failure to implement effective withholding tax controls for transactions with and into Vietnam will often lead to significant and unnecessary tax costs.

How we can help:

• Assistance with foreign contractor (withholding) tax filings and advice on your compliance obligations;
• Assessment of the requirements to withhold tax and the associated withholding tax rate;
• Tax health check to assess historic compliance risks and the adequacy of supporting documentation;
• Assistance in double tax treaty claims; and
• Tax dispute resolutions.