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NO TAXES IN VIETNAM?
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half moon



Joined: 17 Jul 2007
Posts: 49

PostPosted: Mon Jul 19, 2010 9:36 pm    Post subject: Reply with quote

Joe Dolce wrote:
Some of the info above is out of date. here are the current figures based on yearly incomes in VND. There are further tax breaks for dependants if you have any.

Taxed income per year (VND) / Tax rate (%)

VND 0 - 60,000,000 5%
VND 60,000,000 - 120,000,000 10%

VND 120,000,000 - 216,000,000 15%
VND 216,000,000 - 384,000,000 20%
VND 384,000,000 - 624,000,000 25%
VND 624,000,000 - 960,000,000 30%
Above VND 960,000,000 35%


Are you sure about the 5% up to sixty million Dong.

I have been paying 10% when I was making over 20 million to 25 millon.

Was I being screwed?
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londo



Joined: 27 Apr 2010
Posts: 107
Location: District 7

PostPosted: Tue Jul 20, 2010 1:07 am    Post subject: Reply with quote

60,000,000 is 5,000,000 a MONTH, you earned only 2,000,000 a month?
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CThomas



Joined: 21 Oct 2009
Posts: 380
Location: HCMC, Vietnam

PostPosted: Tue Jul 20, 2010 3:56 am    Post subject: Reply with quote

half moon wrote:
Joe Dolce wrote:
Some of the info above is out of date. here are the current figures based on yearly incomes in VND. There are further tax breaks for dependants if you have any.

Taxed income per year (VND) / Tax rate (%)

VND 0 - 60,000,000 5%
VND 60,000,000 - 120,000,000 10%

VND 120,000,000 - 216,000,000 15%
VND 216,000,000 - 384,000,000 20%
VND 384,000,000 - 624,000,000 25%
VND 624,000,000 - 960,000,000 30%
Above VND 960,000,000 35%


Are you sure about the 5% up to sixty million Dong.

I have been paying 10% when I was making over 20 million to 25 millon.

Was I being screwed?


Yea, see the "sliding scale" thing towards bottom of the .pdf I linked to for the per-month rates. Also consider londo's posting about taking social insurance or not, as it changes the %. There are other deductions as well. I need to look into this stuff more because this is a big chunk of change we're talking about.
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CThomas



Joined: 21 Oct 2009
Posts: 380
Location: HCMC, Vietnam

PostPosted: Thu Sep 30, 2010 9:54 am    Post subject: retroactive tax rebate after 183 days/wp? Reply with quote

All,

Someone posted a response to one of these discussions and I can't find it now.

The gist of it was that you can apply for a retroactive reimbursement of past taxes once you get your 183 days and/or work permit. In other words, your taxes go down several % points and you can get a rebate of past taxes paid at the higher rate.

Does that make sense? Someone said that it was possible; I'm wondering if anyone can clarify this and, especially, provide a link to official documentation so I can work with accounting on this.

Thanks!
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