TIGER CONSULTING ASIA
HR and Payroll Outsource Services, Employment Services, Manpower Contracting
Vietnam Personal Income Tax Rates-2023
August 23rd, 2023
Our mission at Tiger-Consulting is to make it easier for companies to quickly and cost-effectively hit the ground running in new markets while staying compliant with local labor laws and employment regulations. We are proud to enable 300+ international businesses to expand their reach, and in turn grow at home. Vietnam is just one of the South Pacific Asian countries we serve.
Individuals in Vietnam are subject to personal income tax (PIT) at progressive rates based on their tax residency status. Residents of Vietnam are taxed on their worldwide income while non-residents are only taxable in Vietnam on their Vietnamese sourced income.
A Vietnam tax resident is defined by one of the following criteria: Someone who resides in Vietnam for 183 days or more within 12 consecutive months, holds a temporary or permanent resident card, and/or leases a property for a term of 183 days or more in Vietnam. If an individual does not meet any criteria listed, they are considered a non-tax resident in Vietnam. Non-tax residents are subject to a PIT at a flat rate of 20% on their Vietnam sourced income. Below is the PIT rate chart for Vietnam.
| Monthly Taxable Income VND (Vietnamese Dong) | Tax Resident PIT Rates | Non-Tax Resident PIT Rates |
|---|---|---|
| 0 - 5,000,000 | 5% | |
| 5,000,001 - 10,000,000 | 10% | |
| 10,000,001 - 18,000,000 | 15% | |
| 18,000,001 - 32,000,000 | 20% | 20% Flat Rate |
| 32,000,001 - 52,000,000 | 25% | |
| 52,000,001 - 80,000,000 | 30% | |
| 80,000,001 + | 35% |
With the help of Tiger-Consulting, your business can immediately hire local staff, stay legal and ensure payroll, visa and work permit compliance across all Asia. We have more than a dozen offices across Asia Pacific to support enterprise client operations in Australia, Cambodia, China, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand , USA, Vietnam and UAE. For questions about Tiger-Consulting's HR, Payroll, PEO and business support services in Asia and UAE, contact sales@Tiger-Consulting.net
Sincerely,
Mercy Mildener
Public Relations and Marketing Consultant
