Some other taxes

(i) Special consumption tax (SCT): SCT is applied to goods and services, of which the consumption is restricted or luxury goods such as alcohol, cars with under 24 seats, discotheque business and betting business, etc. The SCT rate ranges from 5% to 150% depending on types of goods. Services are subject to SCT rates from 15% to 40%.  

(ii) Natural Resource Tax (NRT): NRT is applied to organizations and individuals exploiting and using natural resources such as water, minerals, crude oil and natural gas, etc. The NRT rate on the exploitation of natural water ranges from 1% to 10%, minerals from 3% to 30% and crude oil from 6% to 40%.

(iii) Foreign Contractor Tax (FCT): FCT is applied to foreign organizations and individuals undertaking business without presence in Vietnam but having incomes from the provision of services or services associated with goods in Vietnam. FCT normally comprises a combination of VAT, corporate income tax and personal income tax and the tax rate depends on the type of provided goods and services. Enterprises hiring foreign contractors should pay attentions to their payment of FCT as prescribed.