Expatriate tax ebook - Vietnam

What taxes?

Capital gains tax
Inheritance, estate and gift taxes
Investment income
Local taxes
Real estate taxes
Social security taxes
Stock options
Wealth taxes
Other specific taxes

Capital gains tax
Capital gains from capital transfer by residents shall be subject to tax at 20%.

Inheritance, estate & gift taxes
Inheritance and gifts exceeding VND 10 million shall be subject to 10% tax.

Investment income
Dividends and other investment income will be taxed at 5%.

Local taxes
There are no local (provincial) taxes imposed on the income of individuals in Vietnam.

Real estate tax

Generally, residents who transfer of real properties are subject to tax at 25% of net income or 2% of selling price.

Social security taxes

Expatriates are not subject to social security taxes in Vietnam. However, mandatory health insurance payments are regulated.

Social and health insurance payments which are compulsory in the home country of the employee are non-taxable. However, supporting documentation should be submitted to the tax office in order to have the value of these insurance payments excluded from taxable income.

Stock options
Stock options are considered as bonus given to employees by employers.

Wealth tax
There is no wealth tax in Vietnam.

Other specific taxes
Prizes in excess of VND 10 Million are subject to 10%.

Income from copyright and franchising in excess of VND 10 Million is subject to 5% Tax.

Information about Vietnam:

• introduction
• facts and figures
• basis of taxation
• what taxes?
• tax planning opportunities