Re: Understanding Vietnamese Life Partner
 

U can do anything but dun get caught. :D

Re: Understanding Vietnamese Life Partner
 

Correct.........:p

Get caught, just pay under table lor.:D

Re: Understanding Vietnamese Life Partner
 

Thanks for the valuable info :)

Re: Understanding Vietnamese Life Partner
 

Vietnam personal income tax rates are progressive to 35%. Nonresidents are taxed at a flat tax rate of 20%. Nonemployment income is taxed at rates from 0.1% to 25%.

Taxable Income per year (VND) Tax rate
VND 0 - 60,000,000 5%
VND 60,000,000 - 120,000,000 10%
VND 120,000,000 - 216,000,000 15%
VND 216,000,000 - 384,000,000 20%
VND 384,000,000 - 624,000,000 25%
VND 624,000,000 - 960,000,000 30%
Above VND 960,000,000 35%


Residents - Other tax rates on resident individuals
Income from capital investment, copyright and franchise activities 5%
Income from transfer of capital 20%
Income from transfer of real estate 25%


Non-residents - Other tax rates on non-resident individuals
Income from business and production of goods 1%
Income from business and production of services 5%
Manufacturing, construction, transport and other activities 2%
Salary and wages 20%
Income from capital investment 5%
Transfer of capital 0.1%
Transfer of real estate 2%
Copyright and franchise activities 5%
Lottery wins, inheritance and gifts which are securities, capital or assets 10%


All residents and non-residents are subject to Personal Income Tax in Vietnam.

A resident is liable to pay tax on income sourced in Vietnam as well as on the
portion of income from foreign sources (except for non-taxable income, including
income from real estate transferred between a husband, wife and blood-relations,
scholarships, and overseas remittances).

Deductions are available for family considerations for residents, comprising children
under 18, unemployed spouses and elderly and unemployed parents.

Individuals are responsible for self-declaration and payment of tax.

Tax Basis – Vietnamese residents are taxed on their worldwide income; nonresidents are taxed only on Vietnamese-source income.

Residence – An individual is resident if he/she: (1) spends 183 days or more in the aggregate in a 12-month period in Vietnam starting from the date the individual arrives in Vietnam; (2) maintains a residence in Vietnam; or (3) has leased a residence for 90 days or more in a tax year.

Tax Filing status – Individuals must file separate tax returns; joint tax filing is not permitted.

Taxable income – Employment income, including most employment benefits, is taxable. As from 1 January 2009, dividends (except for government bonds), interest (except for bank deposits and life insurance), capital gains from securities trading, private business income and other income from franchising, inheritance, the transfer of land use rights, and gifts/winnings or prizes are taxable in Vietnam. Profits derived from the carrying on of a trade or profession generally are taxed in the same way as profits derived by companies.

Taxation of Capital gains – Gains from a capital assignment and/or securities trading are subject to 0.1% tax on the gross sale or 20% of net profit.

So many things taxable :(
under table better...:D

Re: Understanding Vietnamese Life Partner
 

Troi oi. This is insane!!!!!!!!!!!:eek::D

Re: Understanding Vietnamese Life Partner
 

cos not much viet people there can be tax due to most of the people hardly earn enough every month,not like sg got many middle income people that sg goverment can tax,thats why they have to come out with 'creative' things to tax those rich or foreigner that earn big bulk there.i think most viet is either very rich or very poor and not much middle income people :(

Re: Understanding Vietnamese Life Partner
 

A lot of my business partners in Hanoi "earns" 2,3 k USD per month, middle income but they drive Merc, Porsche.... :D

Re: Understanding Vietnamese Life Partner
 

seem like their middle income people is more rich compare to our middle income cos our middle income drive car which is under instalement:D

Re: Understanding Vietnamese Life Partner
 

话中有话。。。。。。。。。:d

Re: Understanding Vietnamese Life Partner
 

anh oi, clarify "business" partners leh:p kang or bu ones?

Re: Understanding Vietnamese Life Partner
 

Cos their middle income ppl dun earn only salary :D

That's y it is good to do business in Vietnam but not suitable for those who goes by books.

Kang type... bu ones are my sex partners.

Re: Understanding Vietnamese Life Partner
 

If you depend on salary alone, most of the time, you will not be earning enuff to have a good life in vietnam. `Coffee money' is just too common in Vietnam. For example, if you give `coffee money', your business licence will be approved within a week or two. If you don't, be prepared to wait for a few months. When you start an office in a new district, the ward police will pay you ` a visit', and this `visits' will be monthly as long as you are there. Each visit will require you to give them some `pocket money'

To the straight by the books Singapore businessman, this is bad news. They can never get things done in Vietnam. But if you are those that believe in `off the books' tactics, vietnam will be a good place to do business. But Singapore businessman still have to learn to be as `mean' as their viet counterparts. Singaporeans are generally `passive and kind hearted', a direct opposite of Vietnamese businessman.

Corruption is good for the businessman who wants to get things done, but bad for the normal folks who are poor and cannot afford to pay `extra'. The same goes for gals, if you have the money, you can get as many and as many variety as you want. Money corrupts the mind, but often, our minds are not too corrupted. :D

Re: Understanding Vietnamese Life Partner
 

any bros know what does this means? thank alot

muon quen tat' ca~ moi thu de~ di den mot noi yen binh`...mot cuoc song' chan' nan va` met moi~

Re: Understanding Vietnamese Life Partner
 

they can come in groups of 15 to disturb the business. demanding for about vnd100,000,000 pass few times. knn, getting more and more greedy. shop closed due to this frequent disturbance. :(

Re: Understanding Vietnamese Life Partner
 

wah, abt 6K SGD ?!! :eek::eek: