E-Commerce Tax Department – Tax Agency provides information on 8 cases where personal account deposits are subject to taxation, unless exempt or below the specified threshold.
(Based on Article 3 of the 2007 Personal Income Tax Law, amended by the 2012 Personal Income Tax Law and the 2014 Law Amending Tax Laws.)
These cases include:
Case 1: Income from licensed production, business, or professional activities. However, individuals with annual revenue of VND 100 million or less are exempt from personal income tax (PIT) and value-added tax (VAT).
Case 2: Income from salaries and wages, excluding allowances and subsidies not classified as salary or wages under the law.
Case 3: Investment income, including interest from loans, dividends, and other capital investment returns (excluding interest from government bonds).
Case 4: Capital transfer income, such as transfers of capital in economic organizations, securities, and other forms.
Case 5: Real estate transfer income, including land use rights, housing, attached assets, land and water leases, and other related transfers.
Case 6: Prize winnings, from lotteries, promotions, betting, games, and competitions. Includes all legally defined prize winnings.
Case 7: Royalty income, from the transfer or assignment of intellectual property rights and technology transfer.
Case 8: Franchise income.
E-Commerce Tax Department outlines 8 cases where personal account deposits are taxable.
The E-Commerce Tax Department emphasizes that the above 8 income categories, when deposited into personal accounts, are subject to personal income tax if they meet the taxable threshold.
Transfers between individuals, such as gifts, family support, personal loans, or non-commercial transactions, are not considered revenue for tax purposes.
If individuals have already fulfilled their tax obligations, subsequent transfers are not subject to additional taxation.
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