Tax on property income in Vietnam

Taxation Researcher | January 10, 2021

INDIVIDUAL TAXATION

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 tax on their Vietnamese-sourced income at a flat rate of 20%.

CAPITAL GAINS TAX

Income earned by nonresidents from transfer of real estate is taxed at a flat rate of 0.10% on the gross sale proceeds.


PROPERTY TAX


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.