Official letter 695 / NHNN-PC issued on February 9, 2017 and Official letter
209 / TCT - DNL issued on January 17, 2017 were about Foreign Contractor
Tax (FCT) of bank remittance charge.
The main contents are as follows.
For remittance charges incurred with Vietnamese banks, they are not subject
to FCT taxation in any of the following cases.
-OUR fee:
When a remitter in Vietnam bears all the remittance fee generated in Vietnam
and overseas
- SHARE fee:
If a remitter in Vietnam bears remittance fee in Vietnam and a recipient
abroad bears remittance fee overseas
- BEN fee:
When overseas recipients bear all the remittance fee generated in Vietnam
and overseas