Parents give VND 500M for a house, Tet cash bonuses, thick wedding envelopes — are cash gifts subject to PIT? The answer surprises many: no. Cash isn’t among the 4 taxable gift categories.
Only 4 gift categories are PIT-taxed
Under the PIT Law and Circular 111/2013/TT-BTC, only gifts of these 4 asset types are taxed:
- 1. Securities: shares, bonds…
- 2. Capital contributions: stakes in companies/businesses.
- 3. Real estate: land-use rights, houses, construction works.
- 4. Registrable assets: cars, motorbikes, boats…
Cash, gold, foreign currency, personal items — outside the 4 → no PIT however large, whoever the giver.
Taxing the 4 categories (from 1/7/2026)
- Formula: PIT = 10% × (asset value − VND 20M) per receipt (2025 PIT Law, Art. 18 — VND 10M before 1/7/2026).
- Example: gifted a car worth VND 800M → tax = 10% × (800 − 20)M = VND 78M.
5 exempt family relationships
Gift income is exempt between (PIT Law, Circular 111/2013):
- Spouses;
- Biological/adoptive parents and children;
- Parents-in-law and sons/daughters-in-law;
- Grandparents and grandchildren;
- Siblings.
FAQs
Parents give VND 2B cash for a house — taxed?
No — cash isn’t PIT-taxed. (Gifting the house itself differs: real estate is taxable, but parent–child gifts are exempt.)
Company Tet cash bonuses?
That’s employment income — PIT under progressive rates, not “gifts”. Don’t confuse the two.
Gifted gold bars worth VND 500M?
Gold (not securities/capital/real estate/registrable) → no PIT under current rules.
Contact us
FLAT Law Firm advises foreign nationals and their families on inheritance, wills, driving licences, health insurance and money transfers in Vietnam. Contact us for advice on your specific case.
