Vietnam's Ministry of Finance has issued Tax Policy Letter No. 2501/TCT-CS of 21 June 2019, which addresses questions on the Foreign Contractor Tax (FCT) policy in relation to advertising services provided by foreign contractors such as Facebook, Google, and YouTube without a presence in Vietnam. The letter includes that pursuant to regulations, where a Vietnam company uses such advertising services from a foreign contractor without a presence in Vietnam, the company is obligated to declare and pay FCT on behalf of the foreign contractor in accordance with Circular No. 103/2014/TT-BTC of 6 August 2014 ({News-2014-08-22/A/3-previous coverage}). This includes both a...