Decision No. 119/2009/QD-TTg: Broader tax breaks for foreign experts

The Prime Minister signed Decision No 119/2009/QD-TTg on October 1, containing regulations on foreign experts implementing programmes and projects in Viet Nam using official development assistance (ODA).

The Prime Minister signed Decision No 119/2009/QD-TTg on October 1, containing regulations on foreign experts implementing programmes and projects in Viet Nam using official development assistance (ODA).

The decision replaces Decision No. 211/1998/QD-TTg of October 31, 1998.

The decision extends visa policies applicable to foreign experts and their family members. The import tax exemption on personal assets applied and experts who remain in residence in Viet Nam for longer than 183 days is extended to all experts who remain in residence for whatever duration, except for automobiles and motorbikes.

In addition to exemption from personal income tax on income from ODA-funded projects, and from requirements to register for professional lisences, the new regulation also exempts all experts working on ODA projects from work permit requirements.

The decision takes effect on November 20.

(Source: VNN)