{"id":462,"date":"2020-03-06T21:11:22","date_gmt":"2020-03-06T12:11:22","guid":{"rendered":"http:\/\/suzuki-global.com\/?p=462"},"modified":"2021-12-19T13:21:07","modified_gmt":"2021-12-19T04:21:07","slug":"personal-income-tax-pit-for-foreigners-in-vietnam","status":"publish","type":"post","link":"https:\/\/suzuki-global.com\/en\/personal-income-tax-pit-for-foreigners-in-vietnam\/","title":{"rendered":"Vietnamese Foreigner's Personal Income Tax (PIT)"},"content":{"rendered":"

Vietnam is now a popular investment destination for many foreigners. When a foreigner begins to live in Vietnam, he\/she must pay the tax correctly in Vietnam according to the Vietnamese personal income tax system (progressive taxation system).<\/span><\/p>\r\n

Points to keep in mind about personal income tax (PIT) for foreigners in Vietnam<\/span><\/h2>\r\n

Regarding Vietnam's personal income tax, the point to keep in mind is whether you are a tax resident or a non-resident.<\/span><\/p>\r\n

As a matter of course, tax residents will have to pay taxes according to the Vietnamese tax system. The point to note is<\/span>Even for non-residents, for income received as a result of working in Vietnam,<\/span><\/p>\r\n

There is an obligation to pay tax according to a certain tax rate (depending on the amount of income and tax year). It is also necessary to keep in mind that if you pay taxes in Vietnam as a consideration for temporary work in Vietnam, foreign tax credits can be applied in your home country.<\/span><\/p>\r\n

Vietnam personal income tax (PIT) filing<\/span><\/h2>\r\n

Income tax (PIT) range<\/span><\/h3>\r\n

The personal income tax (PIT) tax rate will progressively increase from 5% to 35% depending on your income. The tax applies to all forms of income, including dividends (excluding government bonds), interest (excluding bank deposits and life insurance), prizes, prizes and land transfers. If you are considered to be resident in Vietnam, you must declare and pay tax not only within Vietnam but also outside Vietnam.<\/span><\/p>\r\n

Whether income tax is reported (judgment of residence)<\/span><\/h3>\r\n

If you become a tax resident in Vietnam, it is important to determine if you are a tax resident, as there is an obligation to declare the tax. One of the important things to consider when you are determined to be a tax resident is the length of your stay in Vietnam.<\/span><\/p>\r\n

You are considered a resident if you stay in Vietnam for more than 183 days. When the number of days is less than 183 days, various points are considered and judged, such as being treated as residence (presence or absence of fixed residence, employment etc.). For more information on resident determination, we recommend consulting with a Vietnamese accountant or Vietnamese lawyer.<\/span><\/p>\r\n

Tax rate of personal income tax in Vietnam<\/span><\/h2>\r\n

The personal income tax (PIT) rates for Vietnam are as follows:<\/span><\/p>\r\n

Vietnam income tax rate<\/h3>\r\n