Income Tax

The search function on this site is terrible but a quick search for "income tax" yielded this thread:  https://www.expat.com/forum/viewtopic.php?id=893600  In particular check the link in post #3.

Thank you THIGV, very helpful. Reviewing the doc, I stumbled on this one:


For taxpayer’s dependents: VND3.6 million per month for each qualifying dependent (if required documents are submitted).

Anyone knows who is a qualifying dependent? Or where I can find info on it? Does the dependent necessarily need to reside in VN?
Thxs

Hi,

Just in case you still need the information of tax deduction, I can provide to you briefly as below:

1 tax payer can be allowed to deduct personal tax relief (now VND11,000,000 per month), dependent tax relief (now VND4,400,000 per month per qualified dependent), compulsory contribution (such like Social Insurance, Health Insurance or Unemployment insurance) in home or host country (probably Vietnam) from his taxable income, only if he is the Vietnam tax resident.

Hence, the dependent relief are restricted with requirements before deductions. You must submit the registration form and wait for tax authority confirmation in order to actually deduct relief from your taxable income.

The requirement for dependent relief for direct dependents (this is most of the cases) can be brief as follows:
- Parents must be over the retirement age otherwise they must be proven as disability , for both cases their monthly income must not exceed VND1,000,000 per month.
- Children under 18 yo; or over 18 yo and is studying in university, no income or income is not exceed VND1,000,000 per month

For your case, the accrued medical expense for your mother in oversea will be not considered as deduction for Vietnam tax purpose.

Hope this will help. Please feel free to reach out, I will reply your concern as much as possible.