What are the Vietnamese PIT brackets for employment income?

5% up to 5,000,000 VND/month; 10% from 5-10m; 15% from 10-18m; 20% from 18-32m; 25% from 32-52m; 30% from 52-80m; 35% above 80,000,000 VND/month. Assessed on monthly income.

What deductions are available?

Personal deduction: 11,000,000 VND/month. Dependent deduction: 4,400,000 VND/month per registered dependent. Social insurance (8% BHXH) and health insurance (1.5% BHYT) contributions are deductible.

What is the 35% effective marginal rate situation?

Social insurance (8%) + health insurance (1.5%) + unemployment insurance (1%) + PIT on the net: total burden for high earners is effectively 35% PIT + 10.5% social contributions. Employer adds 23.5% social contributions on top.

How are expatriates taxed in Vietnam?

Expatriates resident in Vietnam (183+ days) are taxed at the same progressive rates as residents. Non-residents pay 20% flat on Vietnam-sourced income. Foreign-sourced income of residents is also taxable.

What income is exempt from Vietnamese PIT?

Exempt income includes: income from transfer of real estate between specified family members, income from inheritances/gifts from family members, interest on bank deposits, life insurance benefits, and scholarships.

Vietnam Thu Nhap Ca Nhan (Personal Income Tax) Calculator 2024

Calculate Vietnamese personal income tax (thu nhap ca nhan / PIT). Brackets for employment income: 5% to 5m VND/month, 10% to 10m, 15% to 18m, 20% to 32m, 25% to 52m, 30% to 80m, 35% above. Social insurance 8% deductible.