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Vietnam Sets Out Framework To Tax Uber

by Mary Swire, Tax-News.com, Hong Kong

16 September 2016


Vietnam has announced tax rules specific to the on-demand taxicab hailing platform Uber.

According to the Finance Ministry, Uber must pay taxes as a foreign establishment that operates and earns income in Vietnam without having any fixed place of business in the country.

Under the rules, Uber will have to pay two percent corporate income tax and three percent value-added tax on revenue generated in Vietnam.

The Ministry asked Uber to authorize either its Vietnamese subsidiary or a third party to declare and pay the applicable taxes.

Individual drivers will be subject to three percent VAT and 1.5 percent individual income tax on their income.

TAGS: compliance | Finance | VAT rates | tax | business | value added tax (VAT) | tax compliance | revenue guidance | law | ministry of finance | multinationals | tax rates | tax reform | trade | Vietnam | services | BEPS

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