Guide to Property Taxes in Vietnam
Tax Rate on Rental Income |
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| Monthly Income | €1,500 | €6,000 | €12,000 |
| Tax Rate | 5%-10% | 5%-10% | 5%-10% |
Nonresidents are taxed on their Vietnamese-sourced income. Married couples are assessed separately and there is no provision for joint taxation.
Income Tax
Nonresidents are liable to pay income tax on rental revenue if it exceeds 100,000,000 VND per annum. In addition, 5% VAT needs to be paid from rental income.
Capital Gains Tax
Income earned by nonresidents from the transfer of real estate is taxed at a flat rate of 2% on the gross sale proceeds.
Property Taxation
Land Tax
Non-agricultural land is subject to land tax at progressive rates, from 0.03% to 0.15%. The tax base is the land area used based on the prescribed price per square meter.
Property Buying and Selling Taxes/Costs
| Tax Type | Rate |
| Property Transfer Tax | 2.00% |
| Agent Fee (Buyer) | - |
| Agent Fee (Seller) | 1.00% - 3.00% |
| Legal Fees | 0.50% - 1.00% |
| Notary Fee | 0.05% - 0.10% |
| Costs Paid By Buyer | 2.55% - 3.10% |
| Costs Paid By Seller | 1.00% - 3.00% |
| Roundtrip Cost | 3.55% - 6.10% |
| Source: Global Property Guide, PWC, Deloitte | |
Corporate Taxation
The standard corporate income tax rate is 20%, levied on income and capital gains earned by companies. This rate applies to companies incorporated in Vietnam or foreign companies doing business in Vietnam.
