Tax Residency Advice

People who split their year between countries often assume they are taxed where they are paid. In practice each country applies its own residency test, and it is entirely possible to be treated as resident in two places at once.

Wise Counsel advises internationally mobile individuals on where they are taxable and how to apply treaty relief.

What we help with

• Assessing your residency position under Vietnamese law
• Advising where you may be treated as resident in more than one country
• Applying the tie-breaker rules under the applicable double taxation treaty
• Obtaining a certificate of tax residence in Vietnam
• Advising on planning around arrival and departure dates
• Advising on the treatment of foreign income, pensions and investments
• Coordinating with advisers in your home country
• Advising on the tax consequences of a change in your residence status

Count your days from the outset. Residency in Vietnam often turns on a threshold that is crossed unintentionally in the final weeks of the year.