What is the tax structure for expats in Singapore?

Singapore tax law is split into two categories - taxes for residents and taxes for non-residents. Singapore Citizens, Permanent Residents, and foreigners who are employed in the country for more than 183 days in the year are taxed as residents and are subject to Singapore’s progressive tax rate. Non-residents of Singapore are taxed at a flat rate of 15% but are not entitled to any sort of tax relief. Please visit the link for more information on Basic Guide on Tax Filing for Foreigners .

What is the tax structure for companies in Singapore?

Singapore has long been considered a haven for entrepreneurs. One of the country’s largest draws is the low corporate tax rate. Businesses in Singapore pay 17% tax on profits - not revenue. In Singapore, there is also no capital gains tax, no dividends tax, and there is no double taxation if your company is operating overseas. Please visit the link for more information on the Basic Overview of Corporate Income Tax .

How do you do tax return filing in Singapore?

Residents and non-residents of Singapore are expected to file their taxes in mid-April every year with the Inland Revenue of Singapore (IRAS). You can do so online or by mail. If you are filing your tax return online, the deadline for filing is April 18th. For online tax return filing, you will need a SingPass or IRAS Unique Account (IUA). If you are filing your tax return by traditional mail, then the deadline is April 15th.

How do you calculate corporate tax returns in Singapore?

Tax returns can be prepared manually or with the help of tax preparation software. Manual preparation requires calculating of the taxable income and submitting it to the IRAS. You may also prepare and file your tax returns online using tax preparation software. After you have made the computations, you may then file your tax returns online using the IRAS portal. You can use the IRAS basic tax calculator to calculate your taxable income. The calculator helps you in making adjustments to your accounting profit to arrive at the taxable profit. You are also able to deal with schedules such as capital allowances and expenses schedules. The calculator can also be used in filling form C or form C-S. Tax preparation for corporations is crucial when filing your company’s tax returns. You should make sure that you calculate your taxable income from your accounting income by making the necessary adjustments. In case you want to save time and money by focusing on your business issues, you may choose to hire professional Singapore tax consultant to prepare your tax returns.

How to choose a tax filing service provider in Singapore?

If you are looking to hire an accountant or tax filing service provider, be sure to hire a professional with experience and knowledge of Singapore’s tax regulations. Here at BoardRoom, we have years of experience helping businesses in Singapore and the APAC region file their taxes and balance their books. Contact us today to speak with a specialist.

What tax incentives are available for new start-ups?

The government of Singapore provides several tax incentives to help promote entrepreneurship in the country - many of which are designed to specifically aid start-ups. Here are some of the more popular tax incentives for start-ups… Tax Exemption Scheme for New Start-ups Productivity and Innovation Credit (PIC) Scheme Deduction for Charitable Work Double Tax Deduction for International Expansion Wage Credit Scheme Be sure to ask your accountant or tax professional about which tax incentive is best for your start-up.

How can BoardRoom help in taxation services?

Here at BoardRoom, we have the experience, network, and tools to set your business or start-up up for success. We have years of experience helping organisations like yours file their Singaporean taxes, so they are 100% compliant with Singapore tax regulations. If you are ready to set your business up for success, contact us today .

Tax Advisory & Filing - BoardRoom Vietnam

Q: What is the meaning of tax compliance?

Tax compliance is the act of following tax regulations and laws. Any business that is not following tax compliance is doing so at the risk of breaking the law. Singapore has some very stringent tax laws, and it is important that your business is doing everything it can to operate within the law by paying your taxes accurately and on time.

TAX ADVISORY SERVICES IN VIETNAM

Maintain compliance, mitigate risk, and maximize tax benefits with a local expert

Tax compliance is far more than just a box-ticking exercise. It is the foundation of your company’s credibility and financial health. Our tax advisory services in Vietnam help businesses navigate complex regulatory frameworks, maintain compliance with the Tax Department, and unlock available incentives under Vietnam’s tax laws. With a strategic and proactive approach, our corporate tax advisory team ensures that you don’t just meet your obligations—you optimize them.

As a trusted provider of tax consulting services, BoardRoom supports organizations at every stage of their compliance journey in Vietnam and across the Asia-Pacific region.

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Expert tax advisory for APAC businesses

BoardRoom’s team of experienced professionals is here to help you navigate the complexities of Vietnam’s tax landscape. We’re well-versed not only in Vietnam’s tax regulations, including Corporate Income Tax (CIT), Value-Added Tax (VAT), Personal Income Tax (PIT), and Foreign Contractor Tax (FCT), but also in the cross-border considerations impacting international businesses.

Our business tax advisory expertise supports companies across the region, helping them stay ahead of compliance requirements and take advantage of regional tax treaties, including Vietnam’s Double Taxation Agreements (DTAs) with over 80 countries.

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Discover our tax filing and advisory services in Vietnam, across Asia-Pacific, and worldwide

As one of the leading firms for tax advisory in Asia, we offer a full suite of tax consulting services to meet your company’s evolving needs. From corporate tax advisory and filings to VAT reporting and international tax structuring, we’re here to support your growth and safeguard your compliance.

Whether you are a fast-scaling startup or a multinational enterprise, our tax advisory services in Vietnam are designed to help you pay only what you owe—nothing more, nothing less—while laying a strong foundation for long-term financial health.

OUR INTERNATIONAL ACCOUNTING AND TAX SERVICES

Why outsource your taxes?

Vietnam’s ever-evolving tax landscape, coupled with complex local and cross-border regulations, can divert valuable time and resources away from your core operations. Outsourcing critical business functions like tax, payroll, and accounting allows your team to focus on growth while leaving compliance to professionals.

By partnering with a trusted tax advisory provider, your business gains access to the insights, tools, and regulatory knowledge needed to stay compliant, avoid penalties, and benefit from available tax incentives under Vietnamese law.

Our experienced team of tax consulting services professionals can help you:

Minimize the risk of financial penalties for non-compliance

With deep expertise in corporate tax advisory and regional tax legislation, our team helps ensure you meet both local obligations and cross-border requirements, such as Vietnam’s Decree 132/2020/ND-CP on transfer pricing and Circular 80/2021/TT-BTC on tax administration.

We help reduce exposure to tax risks through proactive planning, timely submissions, and direct support during Tax Department audits or inspections.

Save time and money

Reduce internal overhead, free up your finance teams, and boost operational efficiency by outsourcing your tax matters to a professional business tax advisory provider. Our services are designed to help companies of all sizes reduce their tax burden through timely filings, accurate reporting, and effective use of government incentives, such as CIT reductions for SMEs or tax holidays for qualified investment projects under Decree 57/2021/ND-CP.

Gain peace of mind

We make sure you stay on top of Vietnam’s dynamic tax regulations, so you can focus on growing your business, not worrying about compliance. Our experienced tax advisory services team ensures your filings are accurate, on time, and fully aligned with the latest guidelines from the Tax Department.

Our Vietnam tax services

With over 50 years of experience supporting businesses across Asia-Pacific, BoardRoom has built a strong reputation for delivering trusted tax advisory services tailored to each market. In Vietnam, we offer a full spectrum of corporate tax advisory and compliance solutions to help businesses meet local tax requirements while unlocking available incentives.

Whether you’re an SME or a multinational, our personalized tax consulting services are designed to keep your business compliant, competitive, and ready for long-term success.

Tax compliance and filing services

We have extensive experience supporting companies in Vietnam with their tax filing and reporting obligations. Our business tax advisory team ensures that your organization remains compliant with both local and cross-border tax laws, including CIT, VAT, PIT, and FCT requirements.

We can help with:

Monitoring of statutory tax filing deadlines and payment due dates
Preparation, review, and submission of finalized CIT and PIT returns
Monthly and quarterly VAT filings
Foreign Contractor Tax (FCT) declarations and reporting
Compliance with Vietnam’s Circular 80/2021/TT-BTC on tax administration
Support with Tax Department audits, inspections, and penalty mitigation

Vietnam tax advisory services

Without expert planning, businesses may miss out on valuable tax deductions, exemptions, or incentives available under Vietnamese law. Our tax advisory experts conduct a thorough analysis of your corporate structure and operations to deliver tailored strategies aligned with current regulations.

We can help with:

Tax due diligence reviews for M&A and restructuring
Strategic advice on inbound and outbound investments
Advisory on FCT treatment for international payments
Transfer pricing documentation and compliance under Decree 132/2020/ND-CP
Tax incentive planning for investments in high-tech zones, education, and renewable energy
Guidance on preferential CIT rates and tax holidays

VAT planning, audits, and compliance

Vietnam’s Value-Added Tax (VAT) system is governed by complex regulations and frequent changes. With a standard VAT rate of 10% (and reduced rates of 5% or exemptions for certain sectors), staying compliant requires expert local knowledge. Our tax consulting services team ensures your business stays aligned with all VAT obligations while optimizing your indirect tax position.

We help clients across industries navigate the complexities of VAT compliance and planning through end-to-end support and business tax advisory expertise.

We can help maintain VAT compliance through:

VAT registration for eligible entities
Monthly and quarterly VAT return preparation and submission
VAT input tax recovery optimization
VAT treatment advice for local and cross-border transactions
Compliance with Vietnam’s Law on VAT and Circular 219/2013/TT-BTC
Advisory on VAT audits and inspections from the Tax Department

As well as provide:

Support for voluntary disclosures to correct past VAT filings
Health checks to identify common VAT risks or missed claims
In-house VAT compliance training for your finance and tax teams

With our experienced tax advisory services team, you’ll have the insights needed to avoid costly errors, reduce risk, and ensure full compliance with Vietnam’s indirect tax requirements.

BOOK A CONSULTATION FOR YOUR TAX NEEDS TODAY

Why Choose BoardRoom?

Partnering with an experienced provider of tax advisory services in Vietnam can help your business minimize risks, maximize benefits, and maintain full compliance with local regulations. At BoardRoom, we offer comprehensive corporate tax advisory solutions designed

for businesses of all sizes, from SMEs to multinational corporations operating in Vietnam and across the Asia-Pacific region.

With decades of regional experience and deep expertise in Vietnam’s tax system, we provide you with the peace of mind and strategic insight to succeed in a rapidly evolving regulatory landscape.

Save time and money

Outsourcing your tax planning and filing functions to BoardRoom allows your team to focus on core business activities while reducing internal overhead. Our business tax advisory experts streamline your operations and identify available deductions and incentives, helping you optimize your tax position and cost efficiency.

Maintain cross-border compliance

Whether you're expanding regionally or managing overseas transactions, our tax consulting services ensure you stay compliant with Vietnam’s transfer pricing regulations, Foreign Contractor Tax (FCT) rules, and double taxation agreements (DTAs) with over 80 countries. We help reduce your risk of financial penalties and reputational exposure.

Access unrivalled expertise

Our tax advisory professionals possess in-depth knowledge of Vietnamese tax laws and reporting requirements. With our guidance, your business can benefit from available incentives, including preferential Corporate Income Tax (CIT) rates, tax holidays, and industry-specific exemptions.

Increase productivity

Free up internal resources and improve decision-making with our proactive corporate tax advisory support. Our specialists ensure your filings are handled accurately and on time, so you can operate efficiently and focus on growth and profitability.

Get in touch with our tax expert today!

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YOUR POINT OF CONTACT

Ng Hui Xian

Head of Accounting and Tax

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Frequently Asked Questions (FAQs)

1. What is the meaning of tax compliance?

Tax compliance refers to adhering to all applicable tax laws and regulations in Vietnam. Businesses must ensure timely and accurate filing of all relevant tax returns, including Corporate Income Tax (CIT), Value-Added Tax (VAT), Personal Income Tax (PIT), and Foreign Contractor Tax (FCT), with the Tax Department.

Non-compliance can lead to financial penalties, audit scrutiny, or reputational risks. At BoardRoom, our tax advisory services can help ensure your business remains compliant at all times.

2. What is the tax structure for expats in Vietnam?

Vietnam taxes individuals based on residency status.

Residents (living in Vietnam ≥183 days/year or having permanent residence) are taxed on worldwide income at progressive PIT rates ranging from 5% to 35%.
Non-residents are taxed at a flat rate of 20% on Vietnam-sourced income.

Our business tax advisory team can help you determine your tax residency status and ensure full compliance with PIT regulations.

3. What is the corporate tax rate in Vietnam?

Vietnam’s standard Corporate Income Tax (CIT) rate is 20%, applied to net profits. However, preferential rates of 10% or 15% may apply for companies operating in incentivized sectors such as high-tech, renewable energy, or education, or in special economic zones.

There is no capital gains tax, but gains may be taxed as business income. We offer corporate tax advisory to help businesses optimize their tax position and access relevant incentives.

4. How do you file corporate tax returns in Vietnam?

Companies must submit quarterly and annual CIT declarations to the Tax Department, as well as monthly or quarterly VAT filings. The annual PIT finalization for employees is also required at the end of each fiscal year.

BoardRoom’s tax consulting services include preparation, review, and submission of these returns to ensure timely compliance and reduce audit risks.

5. What is Foreign Contractor Tax (FCT) and who must pay it?

FCT applies to foreign entities or individuals earning income from providing goods or services in Vietnam without a local legal entity. It typically includes a combination of VAT and CIT components, and the rates vary by business activity (e.g., 5%, 10%).

Our tax advisory team can assess your cross-border contracts to ensure correct FCT application and compliance.

6. How do I choose the right tax advisory provider in Vietnam?

Look for a partner with an in-depth understanding of Vietnamese tax laws, extensive cross-border experience, and a proven track record. Whether it’s navigating regulatory changes, handling audits, or maximizing incentives, the right partner ensures peace of mind.

BoardRoom has decades of experience providing tax advisory services in Vietnam and the wider Asia-Pacific region. We’re here to support your growth with strategic tax consulting services tailored to your business.

7. What tax incentives are available in Vietnam?

Vietnam offers several tax incentives for qualifying businesses, including:

CIT holidays (up to 4 years) and reductions (up to 9 years)
Preferential CIT rates of 10% or 15% for high-tech and education sectors
Exemptions or reductions for businesses in export processing zones or economic zones
Import/export duty exemptions for specific goods and sectors

Our corporate tax advisory team helps businesses identify and apply for these opportunities.

8. How can BoardRoom help with tax in Vietnam?

Here at BoardRoom, we combine deep local expertise with regional reach. Whether it’s managing VAT, CIT, PIT, or FCT obligations, our end-to-end tax advisory services help your business remain fully compliant while identifying opportunities to enhance tax efficiency.

Our integrated business tax advisory approach ensures your company is set up for long-term success in Vietnam’s evolving regulatory environment. If you are ready to set your business up for success, contact us today.

Tax Advisory & Filing

TAX ADVISORY SERVICES IN VIETNAM