Personal Income Tax Rates Table for 2018 in Vietnam

Duy Thinh

17:48, 10/07/2024

Lawnet respectfully introduces to our members the Personal Income Tax Rates Table for the year 2018 in Vietnam, with the applicable tax rates in specific cases as follows:

Latest Personal Income Tax Calculation in Vietnam

Progressive tax rates applicable to income from wages and salaries in Vietnam are regulated in Article 10, Article 11 of the Law on Personal Income Tax 2007.

Tax Bracket	Taxable Income/Year (million VND)	Taxable Income/Month (million VND)	Tax Rate (%)
1	Up to 60	Up to 5	5
2	Over 60 to 120	Over 5 to 10	10
3	Over 120 to 216	Over 10 to 18	15
4	Over 216 to 384	Over 18 to 32	20
5	Over 384 to 624	Over 32 to 52	25
6	Over 624 to 960	Over 52 to 80	30
7	Over 960	Over 80	35

Note: The tax rates mentioned above do not apply to contributions to social insurance, health insurance, unemployment insurance, professional liability insurance for certain industries that must participate in compulsory insurance, voluntary pension funds, deductions specified in Article 19, Article 20 of the Law on Personal Income Tax 2007.

Flat tax rates applicable to income from capital investment, capital transfer, real estate transfer, prizes, royalties, franchising, inheritance, gifts subject to tax in Vietnam are specified in Articles 12, 13, 14, 15, 16, 17, and 18 of the Law on Personal Income Tax 2007.

Taxable Income	Tax Rate (%)
Income from capital investment	5
Income from royalties, franchising	5
Income from prizes	10
Income from inheritance, gifts	10
Income from capital transfer as specified in Clause 1, Article 13 of the Law on Personal Income Tax	20
Income from securities transfer as specified in Clause 1, Article 13 of the Law on Personal Income Tax	0.1
Income from real estate transfer	2

Legal Basis:

- Law on Personal Income Tax 2007;

- Amended Law on Personal Income Tax 2012;

- Law on Amendments to Laws on Taxation 2014;

- Decree 12/2015/ND-CP;

- Official Dispatch 17526/BTC-TCT.

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- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
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