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No matter where you buy real estate, you need to have a good understanding of what property taxes to be paid when buying, holding, and selling. To many investors’ surprise, Vietnam has comparatively low real estate taxes, at least compared to many Western countries.
In this article, we review the taxes you have to pay when buying new properties on the primary market in Vietnam. Such properties are typically new condominium units bought directly from a developer, or with the help of an agent.
This is undoubtedly the most popular option among foreign buyers in Vietnam, due to existing foreign property ownership regulations.
What real estate taxes do I have to pay in Vietnam?
Below, you can find the taxes you have to pay when buying, holding, and selling property in Vietnam.
VAT (Value Added Tax)
If you buy a condominium unit on the primary market you have to pay a VAT of 10%. The VAT is multiplied by the purchase price and paid by both local and foreign buyers.
You pay the tax at the time of the purchase. Continue reading Vietnam Property Taxes: Foreign Buyer’s Guide