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Taxation

Vietnam - Taxation


Vietnam is a socialist country and as such subscribes to the Marxist belief that a heavy progressive income tax should be applied to all income, individual and corporate. As a result of this heavy hand of government in conjunction with many years of economic sanctions, Vietnam was reduced to 4th world status. In recent years however, the country has tried to exercise a policy called Doi Moi (new life) and as such has made much stronger headway toward a more liberal system of taxation. In fact the incredibly high rates of taxation have changed substantially over the years and are now almost in line with taxes in western countries like the UK, USA, and elsewhere. There are ways to reduce the tax load in Vietnam especially for the entrepreneur and businessperson who wishes to build a business in the country. A serious discussion with a tax lawyer and/or accountant in the country would be a wise action to take if you are considering moving to and living full time in Vietnam.


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Expat Health Insurance Partners


Bupa Global

At Bupa we have been helping individuals and families live longer, healthier, happier lives for over 60 years. We are trusted by expats in 190 different countries and have links with healthcare organisations throughout the world. So whether you're moving abroad for a change of career or a change of scene, with our international private health insurance you will always be in safe hands.

Cigna

Cigna has worked in international health insurance for more than 30 years. Today, Cigna has over 71 million customer relationships around the world. Looking after them is an international workforce of 31,000 people, plus a network of over 1 million hospitals, physicians, clinics and health and wellness specialists worldwide, meaning you have easy access to treatment.