Withholding method DEEMED CIT RATES (4/6) Example Foreign contractor F provides equipment accompanying with services to a Vietnamese party to build a cement plant in VN, at a total contract value of , of which USD70 mil USD50 mil is equipment, USD5 design, USD10.5 construction, USD3 mil is supervision and USD1.5 training services Deemed CIT applied to this contract are as follows: 1% for equipment, for design, for construction, for 5% 2% 5% supervision, and for training 5% Deemed CIT rate of will apply on the total contract value if 2% the contract does not specify clearly
Withholding method DEEMED CIT RATES (4/6) Example Foreign contractor F provides equipment accompanying with services to a Vietnamese party to build a cement plant in VN, at a total contract value of USD70 mil , of which USD50 mil is equipment, USD5 design, USD10.5 construction, USD3 mil is supervision and USD1.5 training services Deemed CIT applied to this contract are as follows: 1% for equipment, 5% for design, 2% for construction, 5% for supervision, and 5% for training Deemed CIT rate of 2% will apply on the total contract value if the contract does not specify clearly
1012_VS-FCT%20Slides%20(Trainer).docx