Taxes in Vietnam

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Taxes in Vietnam are lower in comparison with those of the US and Western Europe. In this Asian country, property buyers pay VAT and a registration fee, owners pay the land and rental income taxes and sellers pay a sale tax.

VAT on new buildreal estate purchase	10
Property titleregistration fee	0.5
Land tax	0.03 – 0.15
Rental income tax	5 (individuals), 20 (legal entities)
Sale tax	2 (individuals), 20 (legal entities)
Inheritance tax	10

	Individuals	Legal entities
Upon purchase
VAT (on new buildreal estate purchase)	10% (included in the price)
Real estateregistration fee (stamp duty)	0.5% of the property value
During ownership
Land tax	There is no property tax. A land use tax exists. The rates range between 0.03% and 0.15% (depending on the municipality) for residential real estate and run at 0.03% for commercial properties.
Rental income tax	5% (+5% VAT)	20%
Upon transfer of property ownership
Sale tax	2% of the property value at sale (not applicable, if it is the only seller's residential property in Vietnam).	20% of the difference between the buy and sale prices.
Inheritance andgift taxes	10% (not applicable if the property is transferred to spouses, children, parents, parents-in-law, children-in-law, grandchildren, grandparents and siblings).	10%

The material contained within this article is for informational purposes only. Tranio.com strongly recommends contacting certified tax experts in Vietnam before purchasing any property.

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