CALCULATING TAX ON WAGES AND BUSINESS ACCORDING TO THE PROGRESSIVE TAX TABLE
The progressive method for calculating tax is abridged as follows:
|
Level |
Assessable income/month |
Tax rate |
Tax payable |
|
|
Method 1 |
Method 2 |
|||
|
1 |
Up to 5 million VND |
5% |
0 million VND + 5% of assessable income |
5% of assessable income |
|
2 |
From over 5 million VND to 10 million VND |
10% |
0.25 million VND + 10 % of assessable income in excess of 5 million VND |
10% of assessable income – 0.25 million VND |
|
3 |
From over 10 million VND to 18 million VND |
15% |
0.75 million VND + 15 % of assessable income in excess of 10 million VND |
15% of assessable income – 0.75 million VND |
|
4 |
From over 18 million VND to 32 million VND |
20% |
1.95 million VND + 20 % of assessable income in excess of 18 million VND |
20% of assessable income – 1.65 million VND |
|
5 |
From over 32 million VND to 52 million VND |
25% |
4.75 million VND + 25 % of assessable income in excess of 32 million VND |
25% of assessable income – 3.25 million VND |
|
6 |
From over 52 million VND to 80 million VND |
30% |
9.75 million VND + 30 % of assessable income in excess of 52 million VND |
30% of assessable income – 5.85 million VND |
|
7 |
From over 80 million VND |
35% |
18.15 million VND + 35 % of assessable income in excess of 80 million VND |
35% of assessable income – 9.85 million VND |
