Family wires money over, you sell home-country assets and move proceeds to Vietnam, you inherit from abroad — is inbound money taxed in Vietnam? Good news: remittances and personal inbound transfers aren’t subject to PIT. But know the boundaries.
Principle: personal inbound money isn’t PIT-taxed
- Remittances (overseas Vietnamese sending home) and personal inbound transfers are not PIT objects — no declaration, no tax in Vietnam.
- A consistent policy to encourage remittances — a vital foreign-currency source for Vietnam.
3 boundaries: when inbound money IS taxed
- 1. Foreign wages: tax residents of Vietnam pay PIT on worldwide employment income — foreign salaries included.
- 2. Business/investment income: foreign profits, dividends, capital transfers of residents — PIT by income type.
- 3. Gifts/inheritances of registrable assets: receiving gifted/inherited real estate, cars… from abroad — 10% PIT on amounts above VND 20M/receipt (2025 PIT Law, from 1/7/2026). Cash is not.
Receiving via banks: procedure & notes
- Receiving FX via banks: present ID/passport, transfer code (Western Union…), bank forms.
- Banks may ask source/purpose for large transfers (AML) — ready lawful-source documents (contracts, inheritance papers…).
- VND or FX: recipients choose VND (bank rate) or FX cash/transfer per regulations.
FAQs
Receiving VND 1B from abroad — flagged?
Banks run AML reporting on large, unusual transactions — lawful-source documents mean no problem. No tax if it’s remittance/cash gifts.
Inbound money to buy a house in Vietnam?
Allowed — remittance-funded purchases aren’t taxed. Note: foreigners buying houses face Housing Law limits (commercial projects only, capped quantities).
Receiving via crypto from abroad?
Risky — crypto isn’t legal tender; unofficial crypto-to-VND conversion may breach law. Receive via banks.
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.
