Vietnam Income Tax
Back to Never Home's question on 6 September; I don't know what VN pilots are paid but I can give you the tax caculation for 100,000,000 Vietnam Dong per month, approx USD 4,717 per month, USD 56,600 per annum.
The overall rate of tax is 22% on this level of salary and the marginal rate is 35%. Vietnam operates Pay As You Earn with tax deducted from monthly pay.
Monthly Tax Calculation in Vietnam Dong and USD
Gross pay 100,000,000 $4,717
Less tax relief 9,000,000 $425
-
Monthly Taxable Income 91,000,000 $4,292
Tax Bands -
VND -
5% on first 5,000,000 tax is 250,000 $12
10% on next 5,000,000 tax is 500,000 $24
15% on next 8,000,000 tax is 1,200,000 $57
20% on next 14,000,000 tax is 2,800,000 $132
25% on next 20,000,000 tax is 5,000,000 $236
30% on next 28,000,000 tax is 8,400,000 $396
35% Above 80,000,000 tax is 3,850,000 $182
Total Tax 22,000,000 $1,038
Net Monthly pay 78,000,000 $3,679
Total deductions are 22%
Obviously you can use this to calculate tax on lower or higher salaries. The VND 9 Mn tax relief is a single person's personal allowance. This is a straightforward calculation, tax will also be charged on other benefits received such as medical; but this is charged at the marginal rate at year end.
My apologies for the formatting, this was done in excel, copied into word and copied into Pprune!