Vietnam |
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Vietnam Personal Income Tax |
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| Vietnam personal income tax rates are progressive to 35%. Nonresidents are taxed at a flat tax rate of 20%. Nonemployment income is taxed at rates from 0.1% to 25%. |
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| Individuals are responsible for self-declaration and payment of tax. |
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| Taxable Income per year (VND) | Tax Rate | | VND 0 - 60,000,000 | 5% | | VND 60,000,000 - 120,000,000 | 10% | | VND 120,000,000 - 216,000,000 | 15% | | VND 216,000,000 - 384,000,000 | 20% | | VND 384,000,000 - 624,000,000 | 25% | | VND 624,000,000 - 960,000,000 | 30% | | Above VND 960,000,000 | 35% |
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| Residents - Other tax rates on resident individuals |
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| Taxable Income per year (VND) | Tax Rate | | Income from capital investment, copyright and franchise activities | 5% |
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| Non-residents - Other tax rates on non-resident individuals |
| Taxable Income per year (VND) | Tax Rate | | Income from business and production of goods | 1% | | Income from business and production of services | 5% | | Manufacturing, construction, transport and other activities | 2% | | Salary and wages | 20% | | Income from capital investment | 5% | | Transfer of capital | 0.1% | | Transfer of real estate | 2% | | Copyright and franchise activities | 5% | | Lottery wins, inheritance and gifts which are securities, capital or assets | 10% |
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| All residents and non-residents are subject to Personal Income Tax in Vietnam. A resident is liable to pay tax on income sourced in Vietnam as well as on the portion of income from foreign sources (except for non-taxable income, including income from real estate transferred between a husband, wife and blood-relations, scholarships, and overseas remittances). |
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Residence | – An individual is resident if he/she: | | | (1) spends 183 days or more in the aggregate in a 12-month period in Vietnam starting from the date the individual arrives in Vietnam; | | | (2) maintains a residence in Vietnam; or | | | (3) has leased a residence for 90 days or more in a tax year. |
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Deductions: | Available for family considerations for residents, comprising children under 18, unemployed spouses and elderly and unemployed parents. |
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Other taxes on individuals: |
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| Capital duty | No | | Stamp duty | Rates of 0.5%-15% apply on the transfer of property | | Capital acquisitions tax | No | | Real property tax | The municipal authorities levy a tax on real estate | | Inheritance/estate tax | Inheritances and gifts are subject to income tax at special rates | | Net wealth/net worth tax | No | | Social security contributions in Vietnam | Vietnamese employees are required to make SI, HI and UI contributions at rates of 5%, 1.5% and 1% of the employee's salary, respectively. Expatriates are only subject to the HI |
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Vietnam Corporate Taxation |
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| The general corporate income tax rate in Vietnam is 25%. |
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| Tax rate for enterprises operating in the oil and gas and other precious natural resources sectors ranges from 32% to 50%, depending on the project. |
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| Dividends | No tax is imposed on dividends remitted overseas unless paid to individuals, where a 5% withholding tax is imposed | | Interest | Interest paid to nonresidents is subject to a 10% withholding tax unless the rate is reduced under an applicable tax treaty | | Royalties | Royalties paid to nonresidents are subject to a 10% withholding tax unless the rate is reduced under an applicable tax treaty | | Branch remittance tax | No |
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| Special Sales Tax |
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| Special Sales Tax is applicable to special goods and services (luxury). The basis for calculating Special Sales Tax shall be based on the quantity of taxable goods sold, their taxable value and the applicable tax rates. |
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