The formula for calculating PIT in Vietnam is as follows: (1) Taxable income = Total income – Tax-exempt income(2)Assessable income = Taxable income – Deductions(3) Personal income tax payable = Assessable income × Progressive tax rate *Deductions include = Personal deduction + Dependent deduction + Insurance deductions + etc +Personal deduction: 11 million VND/month+Dependent deduction: […]

Overview of Personal Income Tax (PIT) in Vietnam Personal income tax (PIT) in Vietnam applies not only to Vietnamese workers but also affects foreigners (including Japanese) working in Vietnam, expatriates dispatched to Vietnam (including from Japan), employees recruited in Vietnam, and even short-term business trips. Therefore, understanding the tax system is crucial for both businesses […]