30 November 2021 Issue 6 Nam Nguyen

Crossing with care

Nam Nguyen explains how Vietnam taxes foreigners on Vietnam-sourced income

Key points

What is the issue?

Vietnam taxes residents on worldwide income and non-residents on Vietnam-sourced income, regardless of where they get paid.

What does it mean for me?

Tax rates for tax residents are comparatively high, with a 35 per cent top marginal rate and few tax reliefs.

What can I take away?

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