TAG : Foreigners

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    ITS OWN REWARD

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  • Tax exemptions for foreign experts

    Foreign experts working on aid projects for foreign non-government organisations (NGOs) and Vietnamese nationals employed full-time by UN organisations will soon be exempted from personal income tax. Both exemptions, recently approved by Prime Minister Nguyen Tan Dung, will take effect on May 1. To enjoy a tax-free income, experts must hold a foreign passport and have contracts with their foreign NGO, the projects’ managerial agencies, or the providers of the NGO aid. Meanwhile, Vietnamese citizens entitled to the exemption must be full-time employees of Vietnam-based representative agencies of international organisations under the UN. The tax-free income includes salaries and wages paid by the representative agencies.

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