PricewaterhouseCoopers Vietnam advises on Vietnam personal income tax (PIT)

Ho Chi Minh City, 04 November 2009- At a breakfast briefing on Vietnam personal income tax with the theme “Are you ready for the upcoming tax finalisation season” organised by PricewaterhouseCoopers Vietnam (PwC) in Ho Chi Minh City, David Fitzgerald, Tax Partner of PwC addressed representatives of many of the biggest foreign invested enterprises operating in Vietnam. He shared insights in developments of Vietnam’s Personal Income Tax (PIT) law since its introduction with a focus on expatriate employees and advised on compliance procedures for the 2009 finalisation season.

Since the implementation of Vietnam’s PIT law in January 2009, clarity has been forthcoming in relation to implementation and enforcement. By organising this event, PwC Vietnam shared with more than 200 clients not only the big picture of PIT developments in Vietnam, but also their experiences on how to best manage this important area.  In addition to PIT, the seminar provided insights in the area of immigration, allowing clients to understand changing practices in relation to visa renewals, work permits and residency permits, as they relate to both long-term expatriate employees and short-term business travellers.

David together with PwC Vietnam professionals from the International Assignment Services team explained how the increasing need for mobility of employees to serve specific technical/ management requirements throughout the region created issues that need to be carefully managed.  PwC shared their experiences both the inward and outward movement of employees.

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About PricewaterhouseCoopers Vietnam 

PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for our clients and their stakeholders.  More than 163,000 people in 151 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.

PricewaterhouseCoopers established offices in the Vietnamese cities of Hanoi and Ho Chi Minh City in 1994. Our team of approximately 500 local and expatriate staff have a thorough understanding of the transitional local economy in which they work and a wide knowledge of policies and procedures covering investment, tax and accounting and consulting throughout Vietnam.

In January 2009 PricewaterhouseCoopers Vietnam received the Golden Dragon Award. The Awards are co-organised annually by Vietnam Economic Times and the Foreign Investment Department under the Ministry of Planning and Investment to acknowledge and honour the success of foreign invested enterprises (FIEs) in Vietnam and their contribution to the economy.

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