05 Feb What are all the taxes in Vietnam as of 2023?

Vietnam has several types of taxes, including:

1. Corporate Income Tax (CIT): The CIT rate is 20% for companies with taxable income of up to VND 200 million, and 22% for companies with taxable income exceeding VND 200 million.
2. Value-Added Tax (VAT): The standard VAT rate in Vietnam is 10%, with a reduced rate of 5% for certain goods and services.
3. Personal Income Tax (PIT): The PIT rate in Vietnam ranges from 5% to 35% depending on the individual’s taxable income.
4. Excise Tax: The rate of Excise Tax varies based on the type of goods being taxed, with rates ranging from 10% to 70%.
5. Environmental Protection Tax: This tax is imposed on the production and import of certain environmentally harmful goods, with rates ranging from VND 2,000 to VND 50,000 per unit of goods.
6. Land Use Tax: This tax is based on the value of the land and the type of use, with rates ranging from 0.03% to 0.5%.
7. Special Sales Tax: This tax is imposed on certain luxury goods, with rates ranging from 10% to 70%.

It is important to note that these tax rates may change and it is recommended to consult with a tax professional or a legal firm to stay updated on any tax law changes and to ensure compliance with the tax laws in Vietnam.

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