{{vm.title}}
25{{vm.includesText}}
{{item}}
{{vm.selectText}}
{{ vm.welcomeLabel.trim() }},
{{ vm.userName }}
{{ vm.text }}
{{vm.newUser1}} {{vm.newUser2}} {{vm.newUser3}} {{vm.newUser4}}
{{ vm.unknownUser }}
{{ vm.title }}
{{ vm.title }}
{{ vm.title }}
- {{ vm.siteSelectorList.flyout.cell1.heading }} {{ site.countryLocale }} {{ vm.siteSelectorList.flyout.cell1.global.countryLocale }}
{{ vm.closeTabLabel }}
- {{ vm.flyout.cell2.title }} {{ vm.flyout.cell2.newTabAllow }} {{ vm.flyout.cell2.title }}
- {{ vm.flyout.cell3.title }} {{ vm.flyout.cell3.newTabAllow }} {{ vm.flyout.cell3.title }}
- {{ vm.flyout.cell1.viewAll.label }} {{ vm.flyout.cell1.viewAll.newTabAllow }} {{ vm.flyout.cell1.viewAll.label }}
Vietnam - Other taxes and levies
Vietnam - Other taxes and levies
Taxation of international executives
Social security tax
Are there social security/social insurance taxes in Vietnam? If so, what are the rates for employers and employees?
In Vietnam, there are statutory schemes on social insurance, health insurance, and unemployment insurance1.
Social insurance
| Employer | Employee | |
|---|---|---|
| Social Insurance | 17.5% | 8% |
| Health Insurance | 3% | 1.5% |
| Unemployment Insurance | 1% | 1% |
Gift, wealth, estate, and/or inheritance tax
Are there any gift, wealth, estate, and/or inheritance taxes in Vietnam?
Yes, please refer to the previous section.
Income being foreign currency remitted by overseas Vietnamese to individuals in Vietnam is not subject to income tax.
Real estate tax
Are there real estate taxes in Vietnam?
Yes. Personal income tax is imposed on also income from overseas transactions. Any tax paid in overseas countries can be credited in Vietnam, but not exceeding Vietnamese tax liabilities
Sales/VAT tax
Are there sales and/or value-added taxes in Vietnam?
Standard VAT in Vietnam is 10 percent. Lower rates of 0 percent or 5 percent may be applied to some goods or services.
Unemployment tax
Are there unemployment taxes in Vietnam?
Yes. It is Unemployment Insurance, which is applicable to only Vietnamese national sign indefinite contracts or definite contracts with employers having 10 Vietnamese employees or more
Each of the employees and the employers are required to contribute 1 percent of the salary/wages used for social security contribution i.e. capped at 20 times of the monthly statutory minimum salary.
Other taxes
Are there additional taxes in Vietnam that may be relevant to the general assignee? For example, customs tax, excise tax, stamp tax, and so on.
Custom duty and special consumption tax may be imposed if the assignee brings various goods crossing the border of Vietnam. Goods subject to these taxes include laptops, perfumes, cigarettes, alcohol, electric wares, and so on at volume exceeding the limits.
1Paragraph 149 of Labor code, 1994 and Decree 58/1998/ND-CP of the Vietnamese Government on Health Insurance, 13 August 1998.
© 2019 KPMG Limited, a Vietnamese limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
