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Vietnam: Taxes and Costs

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Last Updated: Dec 10, 2008

Vietnam has a high
flat rental income tax

INDIVIDUAL TAXATION

Non-residents are taxed on their Vietnamese-sourced income. Married couples are assessed separately and there is no provision for joint taxation.

INCOME TAX

Non-residents are liable to pay tax on their Vietnamese-sourced income at a flat rate of 20%.

CAPITAL GAINS TAX

Capital gains tax is levied at a flat rate of 25%. Taxable capital gains are computed by deducting the acquisition costs and incidental expenses from the gross sales proceeds.

If the acquisition costs cannot be determined or are not evidenced by supporting documents, the taxable gains will be the gross sales proceeds and will be taxed at a special rate of 2%.


PROPERTY TAX


There are no property taxes in Vietnam.

 

Your Comments

posted by teo c t | 2008-04-29

Accountant, Singapore

I would like to know more about the taxes in Vietnam, the registration and payment datelines for the various taxes in Vietname.Appreciate your input.Regards.Teo CT

posted by arthur | 2008-05-17

Accountant, Singapore

Could you advise if foreigners who never step into Vietnam can buy a condonimium or villa in Vietnam? Is he subject to 25% Capital gain tax as well as remittance withholding tax, if any? If there is a remittance, what is the withholding tax rate?Is there estate duty in Vietnam?Regards.Arthur

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