new-tax-threatens-vietnams-capital-markets

New tax threatens Vietnam's capital markets

The new personal income tax applies a unified tax rate to Vietnamese and foreign nationals.
VietnamÆs National Assembly passed a new personal income tax law that applies unified tax rates to Vietnamese and foreign nationals, introduces personal and family allowances, and increases the diversity of the tax base.

The changes that are most important to the capital markets are those that cover an individualÆs income from capital investments, such as capital assignment inclusive of income derived from securities transactions and real estate transfers. They will be taxed at 5% for capital investment income, which includes dividends and interest.

There will be a 20% tax for residents who earn capital assignment income or direct interest, such as holding an interest in a limited liability company, or on securities where capital gains...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222