Nonresidents are taxed on their Vietnamese-sourced income. Married couples are assessed separately and there is no provision for joint taxation.
INCOME TAX
Nonresidents are liable to pay tax on their Vietnamese-sourced income at a flat rate of 20%.
CAPITAL GAINS TAX
Capital gains tax is levied at a flat rate of 25%. Taxable capital gains are computed by deducting the acquisition costs and incidental expenses from the gross sales proceeds.
If the acquisition costs cannot be determined or are not evidenced by supporting documents, the taxable gains will be the gross sales proceeds and will be taxed at a special rate of 2%.
