The Corporate Tax Rate in Vietnam stands at 20 percent. Corporate Tax Rate in Vietnam averaged 27.07 percent from 1997 until 2019, reaching an all time high of 35 percent in 1998 and a record low of 20 percent in 2016. source: General Department Of Taxation - Ministry Of Finance
Corporate Tax Rate in Vietnam is expected to be 20.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Corporate Tax Rate is projected to trend around 17.00 percent in 2020, according to our econometric models.
Vietnam Corporate Tax Rate
In Vietnam, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Vietnam.