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Personal Income Tax Cut for Vietnam's Economic Zones

|Approved Changes|Vietnam
Vietnam

On 20 October 2014, a 50% reduction in personal income tax became effective for individuals working in Vietnam's economic zones. The reductions applies to:

  • Both resident and non-resident employees with employment contracts from businesses located in an economic zone
  • Employees sent to work in an economic zone by businesses outside the zone
  • Employees working at waste treatment facilities outside…

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