Tax on property income in Vietnam
Effective Tax Rate on Rental Income |
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| Monthly Income | €1,500 | €6,000 | €12,000 |
| Tax Rate | 20.00% | 20.00% | 20.00% |
| Click here to see a worked example | |||
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Source: Global Property Guide research |
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INDIVIDUAL TAXATION
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 tax on their Vietnamese-sourced income at a flat rate of 20%.
CAPITAL GAINS TAX
Income earned by nonresidents from transfer of real estate is taxed at a flat rate of 0.10% on the gross sale proceeds.
PROPERTY TAX
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.