Vietnamese taxation laws play a significant role in the countrys financial system. These guidelines manage how revenues are gathered from citizens and businesses. Learning about Vietnam tax codes is essential for anyone working in the country.

The structure of tax in Vietnam includes a variety of levies, each charged based on business tax codes sector. The most significant taxes include business profit tax, PIT, value-added tax, luxury goods tax, and tariffs.

CIT is applied on all companies generating profit within Vietnam. The general tax rate is twenty percent, although eligible sectors may benefit from tax incentives. These preferential treatments are usually granted to firms involved in healthcare, or those registered in underdeveloped areas.

Individual income tax in Vietnam uses a progressive system with levels ranging from 5% to 35%, depending on the earnings. Vietnamese citizens are taxed on their all revenue, while foreigners working temporarily only pay tax on local revenue.