New tax threatens Vietnam's capital markets

The new personal income tax applies a unified tax rate to Vietnamese and foreign nationals.

VietnamÆs National Assembly passed a new personal income tax law that applies unified tax rates to Vietnamese and foreign nationals, introduces personal and family allowances, and increases the diversity of the tax base.

The changes that are most important to the capital markets are those that cover an individualÆs income from capital investments, such as capital assignment inclusive of income derived from securities transactions and real estate transfers. They will be taxed at 5% for capital investment income, which includes...

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CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...