Personal Income Tax

Whether you are a tax resident of Vietnam determines whether you are taxed on worldwide income or only on Vietnamese-sourced income. The test is largely about days present and place of habitual residence, and many foreign workers cross the line without realising.

Wise Counsel advises foreign individuals on tax residency, liability and filing obligations in Vietnam.

What we help with

• Determining your tax residency status and the period it applies to
• Advising on which income is taxable in Vietnam and at what rates
• Advising on taxable benefits — housing, schooling, flights and allowances
• Registering for a tax code and completing periodic declarations
• Annual tax finalisation and refund claims
• Advising on income earned outside Vietnam and how it is treated
• Applying double taxation treaties and claiming relief
• Advising on tax obligations on departure from Vietnam

Housing paid by your employer is generally taxable income to you. It is the item most often left out of declarations and most often picked up on review.