Income Tax Rate Vietnam
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This page provides vietnam personal income tax rate actual values historical data forecast chart statistics economic calendar and news.
Income tax rate vietnam. For tax residents their monthly taxable income are taxed at a progressive rate of 5 35. A flat tax rate of 20 percent is applicable to vietnam sourced employment income. How to calculate expat s personal income tax in vietnam. For non tax residents it is a fixed 20.
Business income from 2015 individuals business income exceeding vnd100 million per year is subject to pit at the deemed rates percent on the revenue from sale of goods and provision of services applicable to tax residents only. Vnd 60 000 000 120 000 000 10. This page provides vietnam corporate tax rate actual values historical data forecast chart statistics economic calendar and news. A tax resident is defined as someone residing in vietnam for 183 days or more in either the calendar year or a period of 12 consecutive months from the date of arrival.
Vietnam personal income tax rates are progressive to 35. Nonemployment income is taxed at rates from 0 1 to 25. Vietnam s law on personal income tax recognizes ten different categories of income with a host of different deductions tax rates and exceptions applying to each of them. The corporate tax rate in vietnam stands at 20 percent.
Tax non residents of vietnam. Nilai saat ini data historis perkiraan statistik grafik dan kalender ekonomi vietnam tarif pajak individu. Taxable income per year vnd tax rate. The personal income tax rate in vietnam stands at 35 percent.
Personal income tax rate in vietnam averaged 36 56 percent from 2004 until 2019 reaching an all time high of 40 percent in 2005 and a record low of 35 percent in 2009. On 20th november 2007 the first law on personal income tax pit of vietnam was introduced and after many debates and postponement the new law finally took effect on july 1st 2009. Vietnam residents income tax tables in 2019. Non employment income is taxed at a variety of different rates.
Non residents are subject to pit at a flat tax rate on the income received as a result of working in vietnam on vietnam related income in the tax year and at various other rates on their non employment income. Income tax rates and thresholds annual tax rate taxable income threshold. An income tax is defined as a tax levied on the income of individuals or business including corporations or other legal entities. The monthly salary of an expat is also the monthly taxable income in vietnam.
Corporate tax rate in vietnam averaged 26 77 percent from 1997 until 2020 reaching an all time high of 35 percent in 1998 and a record low of 20 percent in 2016. Employment income is taxed on a progressive tax rates basis.