If you are an expat living and working in Vietnam, you may be required to file a personal income tax return. For resident, the tax system in Vietnam is based on a progressive tax rate, meaning that the more income you earn, the higher your tax rate will be. For non-resident, flat tax rate 20% will be applied.
Here are the steps to file your personal income tax return in Vietnam as an expat:
1. Determine your tax status: You will need to determine if you are a resident or non-resident for tax purposes. Generally, if you have been living and working in Vietnam for 183 days or more in a tax year, you will be considered a resident for tax purposes.
2. Obtain a tax code: You will need to obtain a tax code from the tax authorities in Vietnam. This code will be used to identify you for tax purposes.
3. Collect your income documents: You will need to collect all of your income documents, including your employment contract, payslips, and any other sources of income.
4. Determine your taxable income: Once you have all of your income documents, you will need to determine your taxable income. This is done by subtracting any allowable deductions from your total income.
5. Calculate your tax liability: Once you have your taxable income, you can use the tax rates and brackets to calculate your tax liability.
6. File your tax return: You will need to file your tax return quarterly and at year ends with the tax authorities in Vietnam. This can be done online.
7. Pay any taxes owed: If you owe any taxes, you will need to pay them by the deadline.
It is important to note that there are penalties for failing to file or pay taxes on time in Vietnam. Therefore, it is important to stay organized and on top of your tax obligations.
Our services here is full package for both quarterly filing and make finalisation
1. Calculation of your personal income tax liability based on your income and other relevant factors.
2. Preparation of all necessary documents and forms required for the quarterly and finalisation process.
3. Submission of your quarterly tax report and finalisation report to the tax authorities.
4. Assistance in tax payment to State Treasury by deadline
5. Advice and guidance on any tax-related issues that may arise during the filing process.
We understand the importance of timely and accurate tax filings, and we are committed to assisting you in meeting your tax obligations. With our expertise and experience, we can help make the personal income tax finalization process as smooth and stress-free as possible.
Please feel free to contact us if you have any questions or would like to learn more about our services. We look forward to assisting you.
