Viet Nam Personal Income Tax

ngay_dang 26/02/2019 loaitin English

What is Viet Nam Personal Income tax?

 

Who is the taxpayer?

 

How does the Foreigner pay the Personal income tax (PIT)?

 

Pazpus provides  the useful information about PIT to customers through the writing below:

 

 

Viet Nam Personal Income Tax

 

I. WHAT IS VIET NAM PERSONAL INCOME TAX?

 

Personal income tax is a sum of money that an income earner must pay a part of the salary, or other income sources, into the State budget. This is the duty and benefit of every citizen contributing to the prosperous development of the country.

 

II. THE TAXPAYER OF VIET NAM PERSONAL INCOME TAX

 

PIT payers include resident and non-resident individuals who earn taxable incomes specified in Article 3 of the Law on Personal Income Tax and Article 3 of this Decree.  Scope to define taxable income of taxpayers shall be as follows:

 

- For resident individuals, their taxable incomes are incomes earned inside and outside the Vietnamese territory, regardless of where their incomes are paid;

 

- For non-resident individuals, their taxable incomes are incomes earned in Vietnam, regardless of where their incomes are paid.

 

1. A RESIDENT INDIVIDUAL

 

A resident individual means a person who satisfies any of the following conditions:

 

a) Being present in Vietnam for 183 days or more in a calendar year or 12 consecutive months counting from the first date of his/her presence in Vietnam;

 

Individuals present in Vietnam under this Point means those whose presence is in the Vietnamese territory.

 

b) Having a place of habitual residence in Vietnam in either of the following two cases:

 

- Having a registered place of permanent residence under the law on residence;

 

- Having a rented house for dwelling in Vietnam under the law on housing, under a rent contract with a term of 183 days or more in a tax year.

 

In case an individual has a place of permanent residence in Vietnam as prescribed in this point but he/she actually present in Vietnam less than 183 days in tax year and he/she failed to prove that he/she is a resident person of another country, so he/she will be considered as resident person in Vietnam.

 

2. A NON-RESIDENT INDIVIDUAL

 

A non-resident individual means a person who does not satisfy any of the conditions above.

 

III. TAXABLE INCOMES

 

Taxable incomes of individuals include the following kinds of income:

1. Income from business activities;

2. Incomes from salaries or wages receivable by employees from their employers;

3. Incomes from capital investment;

4. Incomes from capital transfer;

5. Incomes from the transfer of real estate;

6. Incomes from won prizes in cash or in kind;

7. Incomes from copyright;

8. Incomes from commercial franchising under the Commercial Law;

9. Incomes from inheritances that are securities, capital holdings in economic organizations or business establishments, real estate and other assets subject to ownership or use registration;

10. Incomes from gifts that are securities, capital holdings in economic organizations or business establishments, real estate and other assets subject to ownership or use registration.

 

>> How to invest in Viet Nam

>> Viet Nam Company registration

 

To know more about the detail information of Viet Nam Income Tax, do not hesitate to contact with us through hotline 0901 668 919

 

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