Taxes in Vietnam
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|
|Rental income tax||5 (individuals), 20 (legal entities)|
|Sale tax||2 (individuals), 20 (legal entities)|
|VAT (on new buildreal estate purchase)||10% (included in the price)|
|Real estateregistration fee (stamp duty)||0.5% of the property value|
|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
||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,
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.