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VN Tax 2023

Vietnam Tax Tables 2023 - Tax Rates and Thresholds in Vietnam

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This page contains the tax table information used for the calculation of tax and payroll deductions in Vietnam in 2023. These tax tables are used for the tax and payroll calculators published on iCalculator™ VN, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Vietnam or would like to add to or suggest amendments to the information herein then please contact us.

Vietnam Personal Income Tax Tables in 2023

The Income tax rates and personal allowances in Vietnam are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Vietnam Tax Calculator 2023.

Vietnam Residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
5%Income from ₫ 0.000.00to ₫ 60,000,000.00
10%Income from ₫ 60,000,000.01 to ₫ 120,000,000.00
15%Income from ₫ 120,000,000.01 to ₫ 216,000,000.00
20%Income from ₫ 216,000,000.01 to ₫ 384,000,000.00
25%Income from ₫ 384,000,000.01 to ₫ 624,000,000.00
30%Income from ₫ 624,000,000.01 to ₫ 960,000,000.00
35%Income from ₫ 960,000,000.01 and above
Vietnam Non-residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
20%Flat rate on all taxable income

In Vietnam, social security deductions made by employees are considered deductible expenses when calculating taxable income. This means that the amounts contributed by employees towards social insurance, health insurance, and unemployment insurance can be deducted from their gross income before calculating the personal income tax owed. This policy helps to lower the taxable income of employees, effectively reducing their overall tax liability and ensuring that their social security contributions are not subject to taxation.

Vietnam Social Security and Payroll Deduction Rates in 2023

In Vietnam, both employees and employers are required to contribute to various social security funds. These contributions are designed to provide a safety net for workers, covering different aspects such as healthcare, retirement, and occupational hazards. The system aims to ensure that all employees have access to basic social welfare and protection in case of unemployment, illness, and retirement.

Vietnam Social Security in 2023: Rates for Employers and Employees
CategoryEmployeeEmployerTotal
Social insurance (SI) Sickness, Maternity0%3%3%
SI - Occupational Diseases and Accidents0%0.5%0.5%
SI - Retirement and Death8%14%22%
Health insurance (HI)1.5%3%4.5%
Unemployment insurance (UI)1%1%2%
Vietnam Social Security and Payroll Deduction in 2023: Earnings Thresholds for Employers and Employees
CategoryEmployeeEmployer
Min.Max.Min.Max.
Social insurance (SI) Sickness, Maternityn/an/an/an/a
SI - Occupational Diseases and Accidentsn/an/an/an/a
SI - Retirement and Deathn/an/an/an/a
Health insurance (HI)n/an/an/an/a
Unemployment insurance (UI)n/an/an/an/a

Overall, Vietnam's social security and payroll deduction system plays a fundamental role in safeguarding the welfare of employees. By distributing the responsibility for social welfare between employers, employees, and the government, Vietnam aims to create a comprehensive support system that covers various aspects of social protection. This system not only provides immediate benefits to workers but also contributes to social stability and economic development by ensuring a healthy, secure workforce.

Vietnam VAT Rates in 2023

VAT rates for Vietnam are reviewed annually, you can use the VAT Calculator to calculate VAT due in Vietnam or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Vietnam VAT Rates
VAT RateVAT Description
0%Zero Rated
5%Reduced Rate
8%Standard Rate
15%Higher Rate

Historic Tax Tables supported for Vietnam

The following tax tables are supported by iCalculator™ VN as part of the suite of free tax tools we provide for Vietnam.