Someone told me that foreign income for non VN citizens is exempt from tax. However when I started looking for it I couldn't find any information regarding this.
If I would get a business visa and rent an apartment for 6 months, will I have to pay taxes over any dividend I receive from my offshore company and if so, how much?
Foreign income (dividend) while on a business visa
floaton
01 February 2018 08:52:31
60
THIGV
01 February 2018 22:19:28
4396
It's actually a lot harder to establish legal residence in Vietnam than simply renting an apartment. If your dividends are directly deposited into either your brokerage account or a bank account in your home country, I don't see how Vietnam could even know about them, let alone tax them.
floaton
02 February 2018 03:01:00
60
Thanks for your quick reply THIGV. I must admit I haven't looked into great detail in the requirements for tax residence in Vietnam. It is just that someone pointed me towards Vietnam when he heard I was paying for Malaysian residence.
And I have no doubt Vietnam will never know about any offshore income unless I told them, but legally I'll have to pay tax in my country of residence, so I would rather tell them if the tax rate is 0% anyways (which I doubt from what I've been reading so far).
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