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Under Article 4 of the 2025 Personal Income Tax Law, from July 1, 2026, many income groups will continue to be exempt from personal income tax. The exemptions cover transfers, inheritances and gifts of certain assets among closely related parties, as well as a range of income in agriculture, finance and investment, social security, education and humanitarian activities, and other targeted policy areas.
Income from transfers, inheritances, and gifts of real estate between spouses; parent and child; grandparent and grandchild; siblings; foster parents and foster children; parents-in-law and children-in-law; and other related relationships will be tax-exempt.
Income from the transfer of residential housing or land is also exempt when the person only owns one house or one plot of land in Vietnam. In addition, income from the value of land use rights assigned by the State will be excluded from tax.
In agriculture, income from growing, breeding, aquaculture, and products that are unprocessed or only lightly processed will be exempt. This also includes salt production and income from agricultural cooperatives, the large-field linkage model, reforestation, and contracted aquaculture with enterprises.
Income from the conversion of agricultural land allocated by the State for production is also included in the exemption.
Interest from Government bonds and local government bonds remains tax-exempt. Interest from deposits at credit institutions is also exempt.
Interest from life insurance contracts is tax-exempt, and income from remittances is likewise exempt.
Social security policies continue to be expanded, including tax exemptions for night shift wages and overtime, and wages for non-working days as prescribed.
Pensions paid by the social insurance fund, together with income from supplementary pensions and voluntary pensions, are not taxed.
Income from government scholarships or scholarships from domestic or international organizations under scholarship programs is tax-exempt.
Income from insurance compensation, occupational accidents, state compensation and other legally compensated amounts is also tax-exempt.
Income from charitable funds and humanitarian organizations recognized by authorities, as well as foreign aid for humanitarian purposes, receives similar treatment.
Some worker groups are exempt, including income of Vietnamese seafarers working for international shipping lines or international transport vessels.
Income of individuals engaged in offshore fishing in certain cases under regulations is also exempt.
The policy places strong emphasis on green economy and innovation by exempting income from the first transfer of carbon credits that reduce greenhouse gas emissions.
Income from green bonds, and from the transfer of green bonds after initial issuance, is also exempt. In addition, income from scientific and technological tasks and innovation is tax-exempt.
Income from authors’ rights when commercializing research results is exempt, as are income of investors, experts in startup ventures, and venture capital funds.
Income of foreign experts working on non-reimbursable ODA programs in Vietnam is not subject to personal income tax.
Individuals working for United Nations agencies, and people participating in United Nations peacekeeping forces, are also exempt.
Additionally, income after corporate income tax for private entrepreneurs or single-member limited liability company owners is also exempt.
Source: PV
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