Vietnam Corporate Income Tax

Corporate income tax rates

The standard CIT rate is 20%. A new Corporate Income Tax Law effective 1 October 2025 introduced reduced rates for micro and small enterprises based on annual revenue. Oil, gas and certain mineral activities are taxed at higher special rates.

• Standard CIT rate — 20% percent (Law on Corporate Income Tax)
• Reduced rate - revenue not exceeding VND 3 billion — 15% percent (Law on Corporate Income Tax (2025))
• Reduced rate - revenue over VND 3 billion to VND 50 billion — 17% percent (Law on Corporate Income Tax (2025))
• Special rate - oil and gas / certain extractive activities — 25% to 50% depending on the project/contract percent ((approx - confirm by project)) (Law on Corporate Income Tax)
• Tax base — Assessable income = taxable revenue less deductible expenses, plus other income; taxed on worldwide income for resident companies (Law on Corporate Income Tax)

Withholding taxes and filing deadlines

Vietnam taxes cross-border payments to foreign parties mainly through the Foreign Contractor Tax (FCT) regime, which bundles VAT and CIT/PIT. Dividends paid to corporate shareholders are generally not subject to further withholding; payments to individuals are. Treaty relief may reduce these rates.

• Withholding tax on dividends paid to a corporate shareholder — 0% (no additional CIT withholding on dividends to companies) percent (Law on Corporate Income Tax)
• Withholding tax on dividends paid to an individual — 5% percent (Law on Personal Income Tax (No. 04/2007/QH12, as amended))
• Foreign Contractor Tax on interest paid abroad (CIT portion) — 5% percent (may be reduced by an applicable double tax agreement) (Circular on Foreign Contractor Tax (Foreign Contractor Tax regime))
• Foreign Contractor Tax on royalties paid abroad (CIT portion) — 10% percent (may be reduced by an applicable double tax agreement) (Circular on Foreign Contractor Tax (Foreign Contractor Tax regime))
• Foreign Contractor Tax on services (deemed CIT portion) — 5% percent (Circular on Foreign Contractor Tax (Foreign Contractor Tax regime))
• FCT remittance deadline — Within 10 days of each payment to the foreign contractor (declaration-on-each-payment method) (Circular on Foreign Contractor Tax (Foreign Contractor Tax regime))
• Quarterly provisional CIT payment deadline — By the 30th day of the first month of the following quarter (no quarterly return required) (Law on Tax Administration (No. 38/2019/QH14))
• Annual CIT finalisation return and final payment deadline — Last day of the 3rd month after the financial year-end (Law on Tax Administration (No. 38/2019/QH14))