income tax

If your research shows 40% due to the income earned depending on where you gained the information.

PIT

For a quick indication: I found the Gross -> Net salary calculator in the Vietnamworks app quite handy.

If you are non resident in Vietnam, tax rate 20%.
If you are resident in VN, the working contract under 3 months: tax rate : 10%, the contract over 3 monthsm the tax rate is depend on your income. It could be up to about 40%

Ball pak if you hit £3500 - 4000 per month, your rate would be 40%..

1. General:
All foreigners source income in Viet Nam regardless your residency are liable to income tax.

2. Tax rate
Resident:
- Stay in Viet Nam at least 183 days, or 12 consecutive months since day 1 of arrival.
- Have a frequent place of residence
- Residency brackets and rates
Assessable income    Tax rate
(million VND)
0-5                                5%
5-10                           10%
10-18                         15%
18-32                         20%
32-52                         25%
52-80                         30%
> 80 ~                         35%
* Income is quoted in million Viet Nam dong - so you need to take into account exchange rate.

The calculation at this stage is pretty much the same as British system.
These income tax rates show the amount of tax payable in every dollar for each income tax bracket.

Non-resident:
- Flat tax rate at 20% applied for total income.

3. Deduction:
Theoretically, assessable income = Incomes - deductions.
It's tricky where most daily transactions, and even business transactions are cash.
Invoices are issued where inquiries in most cases.
(Most locals do not pay taxes but fees - who care about invoices? - LOL)
Therefore, you better talk to tax agents if your income are substantial which likely incur large tax bill.

I guess that's the reason why your research came up with different results.

Sorry for my terrible writing and format./.

Swee Loke wrote:

Ball pak if you hit £3500 - 4000 per month, your rate would be 40%..

Sorry, my comment more for highly paid top level citizens; and you are a Non  Resident ; N/A..

Great! Thanks all for your guidance.
Mitchell

Great info. Thank you.

Thank you for useful information