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Landlords with annual income under $4,300 not subject to tax

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By Quynh Trang

 

Landlords earning less than VND100 million ($4,332) a year do not need to pay value-added or personal income tax, according to a new circular by the Ministry of Finance.

 

If tenants pay at once over several years, the taxable income of landlords will be determined by dividing the total payment for the number of lease years.

 

A landlord with several leased units will need to pay tax for the combined income of all those units.

 

Full story: https://e.vnexpress.net/news/business/economy/landlords-with-annual-income-under-4-300-not-subject-to-tax-4399175.html

 

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-- © Copyright VN Express 2021-12-07

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