Is there any Capital Gain Tax? Is there any difference in tax between local and foreign purchasers?

Question:

Is there any Capital Gain Tax? Is there any difference in tax between localand foreign purchasers?

Answers:

No, there is no Capital Gain Tax, however, based on the current law, Personal Income Tax (PIT) or Company Income Tax (CIT) is applicable. The taxes listed in question 10 shall be applicable to your case.

According to Article 2 of the Law on Income Tax 2007 and the amendment thereof, these rules apply to any income acquired in territory of Viet Nam without any distinction between local and foreigners in transfer of property.

Source: AsiaReal