Question

Law on Personal Income Tax in Vietnam No. 04/2007/QH12 dated November 21, 2007, took effect from January 01, 2009. It was amended and supplemented by the Law No. 26/2012/QH13 on amending and supplementing some articles of the Law on Personal Income Tax which took effect from July 01, 2013; and by the Law No. 71/2014/QH13 dated November 26, 2014 on amending and supplementing some articles of the Law on taxes which took effect from January 01, 2015. Then it was consolidated at Law on Personal Income Tax No. 15/VBHN-VPQH dated December 11, 2014.

Answer

Law on Personal Income Tax in Vietnam 

Some remarkable provisions in the Law on Personal Income Tax (PIT) No. 15/VBHN-VPQH dated December 11, 2014 are:

Personal income taxpayers include residents who earn taxable incomes specified in Article 3 of this Law inside and outside the Vietnamese territory and non-residents who earn taxable incomes specified in Article 3 of this Law inside the Vietnamese territory;

Taxable incomes;

Tax-exempt incomes;

Taxable incomes,  Reductions and Assessable income, applicable to Tax Residents;

Taxable incomes,  Reductions and Assessable income, applicable to Non-Residents;

Tax on incomes and Time of determination of taxable income, applicable to Non-Residents.

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Law on Personal Income Tax in Vietnam

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DMS Lawyers and Members in Danang, Vietnam have an in-depth understanding of Law on Personal Income Tax and related laws, such as: Law on Tax Administration, Law on Value-Added Tax, Foreign Contractor Tax, Law on Excise Tax, Law on Corporate Income Tax, Law on Enterprises and specialized laws applicable to different entities./.

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(Signed)

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