Tax consultant

Jam T wrote:

Hello Jaitch!

Thank you for your reply. You have saved me a lot of time by telling me that those companies are for big businesses only.

I need advice about VN tax only. I am trying to find out what exactly constitutes being a resident as far as tax is concerned as that affects the income tax rate and other taxes.

I am moving south soon anyway, perhaps your retired tax man would be interested in more business? Does he speak (or write) English? Jam

Foreigners liability to tax is tied to a Work Permit or Business Registration.

If you are working for an entity, go visit their accounting or Human Resources departments for guidance.

If your income is less formal, i.e. instructing English, I suspect most don't pay taxes unless their employers deduct at source. Many Vietnamese employers pay cash  no benefits, no tax, no nothing - to employees.

Likely your needs can be satisfied using a bookkeeper. My non-English speaking accountant just ensures that no inspectors will check the books and the Labour Department, with it's weird rules, and avoid fines.

There are posts in this forum discussing payment of taxes. (Use the search feature) I have to pay taxes to four countries, three of which expect to take a cut from overseas income. My position is they can be happy with taxing what I earn in their jurisdiction. Only.

Many businesses have the threat of losing operating licences against non-payment of taxes (especially hotels). I, and my wife, make payment of taxes a priority - as do many Foreign-owned companies. Leaves the tax inspectors free to hassle the VNese!