Guide to Property Taxes in Vietnam

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%
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.

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