Personal tax rate is applied as progressive taxation table at Article 22 Personal Income Tax. There are 7 level of tax rate (5%, 10%, 15%, 20%, 25%, 30% and 30%) which applied to the income of the year (from VND 60 million to VND 960 million).
The Circular guides in detailed on subject to taxation; incomes to bear tax, tax exemption, basic to calculate tax for income from doing business, salary, basic to calculate tax to non-residence individuals, tax deduction etc. The Circular issued from system used in personal income tax such as Registration for personal income tax, Deduction from personal income tax, Tax Declaration, Detailed note for income to calculate tax and deducted personal income tax to income from security transaction, Detailed note for income to calculate tax and deducted personal income tax to income from investment's income of trading concession, Confirmation of year's income etc.
The Circular was published on 7 November 2008 and would come into effect 15 days afterwards and take effect as 1 January 2009
