Vietnam Corporate Income Tax

Corporate income tax rates

• Standard CIT rate — 20% percent (Law on Corporate Income Tax (https://taxsummaries.pwc.com/vietnam/corporate/taxes-on-corporate-income))
• Reduced rate - revenue not exceeding VND 3 billion — 15% percent (Law on Corporate Income Tax (2025) (https://www.ey.com/en_gl/technical/tax-alerts/vietnam-passes-new-corporate-income-tax-law))
• Reduced rate - revenue over VND 3 billion to VND 50 billion — 17% percent (Law on Corporate Income Tax (2025) (https://www.ey.com/en_gl/technical/tax-alerts/vietnam-passes-new-corporate-income-tax-law))
• 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 (https://taxsummaries.pwc.com/vietnam/corporate/taxes-on-corporate-income))
• Tax base — Assessable income = taxable revenue less deductible expenses, plus other income; taxed on worldwide income for resident companies (Law on Corporate Income Tax (https://taxsummaries.pwc.com/vietnam/corporate/income-determination))

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.

Withholding taxes and filing deadlines

• Withholding tax on dividends paid to a corporate shareholder — 0% percent (no additional CIT withholding on dividends to companies) (Law on Corporate Income Tax (https://taxsummaries.pwc.com/vietnam/corporate/withholding-taxes))
• Withholding tax on dividends paid to an individual — 5% percent (Law on Personal Income Tax (No. 04/2007/QH12, as amended) (https://taxsummaries.pwc.com/vietnam/corporate/withholding-taxes))
• 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) (https://taxsummaries.pwc.com/vietnam/corporate/withholding-taxes))
• 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) (https://taxsummaries.pwc.com/vietnam/corporate/withholding-taxes))
• Foreign Contractor Tax on services (deemed CIT portion) — 5% percent (Circular on Foreign Contractor Tax (Foreign Contractor Tax regime) (https://taxsummaries.pwc.com/vietnam/corporate/withholding-taxes))
• 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) (https://taxsummaries.pwc.com/vietnam/corporate/withholding-taxes))
• 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) (https://taxsummaries.pwc.com/vietnam/corporate/tax-administration))
• 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) (https://taxsummaries.pwc.com/vietnam/corporate/tax-administration))

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.