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Personal Income Tax Cut for Vietnam's Economic Zones

30 October 2014

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Approved Changes

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Vietnam

On 20 October 2014, a 50% reduction in personal income tax became effective for individuals working in Vietnam's economic zones. The reductions applies to: Both resident and non-resident employees with employment contracts from businesses located in an economic zone Employees sent to work in an economic zone by businesses outside the zone Employees working at waste treatment facilities outside an economic zone Vietnam levies marginal tax rates for personal income from 5% up to 35%.