NEW TAX RATES APPLIED TO BUSINESS HOUSEHOLDS IN 2022

Revenue

License tax to be paid

From 100 million VND to 300 million VND/year

300,000 VND/year

From 300 million VND to 500 million VND/year

500,000 VND/year

Over 500 million VND/year

1,000,000 VND/year

Number

List of occupations

% VAT calculation rate

PIT rate

1

Distribution and supply of goods:

Wholesale and retail activities of all kinds of goods (except for the value of goods sold by agents at the right price to enjoy commission).

1%

0.5%

2

Services, construction excluding raw materials:

- Accommodation services include: Provision of short-term accommodation facilities for tourists and other visitors; the activity of providing long-term accommodation for students, workers...; activities that provide accommodation, foodservice, and/or recreational facilities. Accommodation activities do not include: Activities of providing long-term accommodation facilities that are considered permanent establishments such as monthly or annual apartment rentals are classified in the real estate industry according to the provisions of the law on the economic system of Vietnam.

-Loading and unloading services and other supporting services related to transportation such as yard business, ticketing, vehicle maintenance.

-Postal services, delivery of letters and parcels.

-Brokerage services, auctions, and agency commissions.

-Legal consulting services, financial consulting, accounting, auditing; tax and customs administrative services.

-Data processing services, portal rental, information technology, and telecommunications equipment.

-Office support services and other business support services.

Services of sauna, massage, karaoke, discotheque, billiards, internet, games.

-Tailoring and laundry services; Haircut, hair wash.

-Other repair services include: repair of computers and household appliances.

-Consulting services, design, supervision of basic construction.

-Other services.

-Construction and installation do not include bidding for materials (including installation of industrial machinery and equipment).

5%

2%

The rental property includes:

Rental of houses, land, shops, factories, warehouses, except accommodation services.

Leasing means of transport, machinery, and equipment without an operator.

Lease other property without service.

5%

5%

Acting as a lottery agent, insurance agent, multi-level sales

-

5%

3

Production, transportation, services associated with goods, construction including raw materials:

-Producing, processing goods.

-Mining and processing of minerals.

- Transport of goods, transport of passengers.

-Services associated with the sale of goods such as training, maintenance, technology transfer, and product sales.

-Food Service.

-Repair and maintenance services for machinery, equipment, means of transport, cars, motorbikes, and other motor vehicles.

-Construction, installation including raw materials (including installation of industrial machinery and equipment).

3%

1.5%

4

Other business activities:

The production of products is subject to VAT calculation by the credit method with a VAT rate of 5%.

The provision of services is subject to VAT calculation by the credit method with a VAT rate of 5%.

Other activities are not listed in groups 1, 2, 3 above.

2% 1%

2%

1%

Other services are not subject to VAT.

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