An update on Personal Income Tax (“PIT”)

17 September, 2018

The Government recently issued Decree 82/2018/ND-CP (“Decree 82”) providing regulations on management of Industrial Zones (“IZ”) and Economic Zones (“EZ”).  Decree 82 dated 22 May 2018 came into effect on 10 July 2018.

Prior to 10 July 2018,  individuals working at EZ were entitled to a 50% PIT reduction on income derived from working at EZ.  This reduction was provided in Decree 29/2008/ND-CP (“Decree 29”) dated 14 March 2008 and Circular 128/2014/TT–BTC (“Circular 128”) dated 5 September 2014. 

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Richard J. Irwin
Chairman/Partner, Tax Services, PwC Vietnam
Tel: +84 28 3823 0796

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