TKEG Expat™ (Test) Vietnam Corporate Tax Guide

The standard corporate income tax (CIT) rate is 20%.
[ul][li]Oil and gas: 25% to 50%, depending on each contract[/li][li]Mineral extraction: 40% to 50%, depending on each project[/li][li]Small and medium enterprises meeting certain conditions: 15% to 17% (from tax year 2025)[/li][/ul]
The new CIT Law, effective October 1, 2025, restructured incentive schemes and expanded eligible sectors (digital technology, AI, data centers, automobile manufacturing) while aligning with OECD Pillar Two global minimum tax requirements.

Vietnam applies VAT at rates of 0%, 5%, 10%, and exempt, depending on the category of goods or services. The standard 10% rate applies to activities not specified at other rates.
[ul][li]0%: exported goods/services, goods processed for export, international transportation services, and sales to duty-free shops[/li][li]5%: clean water, teaching aids, books, unprocessed foods, pharmaceuticals, medical equipment, livestock feed, agricultural products, technical/scientific services, social housing[/li][li]Exempt: certain financial, insurance, healthcare, education, and public services[/li][/ul]
A temporary 2% VAT reduction applies to selected goods and services through December 2026 to support economic recovery.

Foreign investors generally pay rental fees for land use rights. Rates vary depending on location, infrastructure, and sector.
[ul][li][b]Non-agricultural land tax:[/b] Owners of houses and apartments pay land tax at progressive rates from 0.03% to 0.15% based on assessed land area and prescribed price per square metre[/li][li][b]Stamp duties:[/b] Applied to transfers of houses, land, and vehicles, with rates varying by asset type[/li][/ul]

Vietnam personal income tax (PIT) rates are progressive to 35%. Non-residents are taxed at a flat rate of 20%. Non-employment income is taxed at rates from 0.1% to 25%. All residents and non-residents are subject to PIT in Vietnam.

SST is a form of excise tax applied to selected goods and services. Goods manufactured and/or imported into Vietnam subject to SST include cigars/cigarettes, spirits, wine and beer, automobiles, motorcycles, air conditioners, airplanes, petrol, etc. For goods, SST is charged at the production or importation stage. Imported goods (except petrol) are subject to SST at both import and selling stages; SST paid at importation is creditable against SST at the selling stage.
SST rates range from 5% to 150% depending on the product category.
The amended SST Law, effective January 2026, increased taxes on tobacco and alcohol while expanding coverage to sugary beverages.