Not required to pay personal income tax with the distributed profits of individuals being owners of one-member limited liability companies

07/08/2017 Newest VBP

On February 28th 2017, the General Department of Tax issued the official dispatch No. 639/TCT-TNCN. Whereby, from January 01st 2015, the distributed profits of individuals being owners of one-member limited liability companies after paying corporate income tax don’t have to pay personal income tax.