On May 14, 2024, the General Department of Taxation issued Official Letter No. 2043/TCT-DNNCN:
From January 1, 2015, in cases where a single-member limited liability company is owned by a foreign individual and generates profits after fulfilling financial obligations to the State as stipulated in Article 4 of Circular No. 186/2010/TT-BTC, the profit distributed to the individual who owns the single-member limited liability company, after paying corporate income tax, is not subject to personal income tax.
