Today we are going to look at what income that is exempt from paying personal income tax.

In the world, every citizen of a country who incurs income is required to pay personal income tax where they live, but almost everyone wants to save on this tax.

That means they want to comply with tax laws and pay taxes as little as possible. Me and you are no exception.

In order to pay taxes at least and still comply with personal income tax laws, we must understand what income will not be subject to personal income tax.

In the following, we will learn about the income that is exempt from personal income tax in Vietnam today.

1.  Income from the transfer of real estate between husband and wife, between  parents and children, between parents-in-law and daughter-in-law, between parents-in-law and son-in-law, grandparents and grandchildren and siblings. We call it three generations of blood relatives.
2.  Income from the transfer of real estate of individuals who have a single property in Vietnam.
3.  Income from the value of land use rights of individuals who are allocated land by the State without payment.
4. Income from inheritance and gifts is real estate in three generations of blood relatives.
5. Income of households and individuals directly involved in agricultural, forestry and fishery production, salt making and other equivalent products only through normal processing.
6.  Income from conversion of agricultural land is assigned by the State for production.
7. Income from interest on bank deposits.
8. Remittance income.
9. Income from night work, overtime is paid higher than the salary, day work, working in hours within the scope allowed by law.
10.  Income from pensions paid by the social insurance fund.
11.  income from state-funded scholarships or state-funded domestic and foreign organizations.
12.  Income from insurance companies compensation and state compensation.
13.  Income is received from charitable and social funds recognized by the State.
14.  Income received from state organizations, or foreign aid for charitable and humanitarian purposes.
15.  Income from wages of Vietnamese crew members working for foreign shipping lines or Vietnamese shipping lines internationally.
16.  Income from the provision of goods and services directly exploiting inshore fisheries of shipowners and individuals working on board.

We have just reviewed sixteen personal income tax exemptions, and there is still a case that there are no exemptions, but the non-taxable limit is, when your total personal income from your salary is less than one hundred and thirty-two million a year, which is equivalent to a salary of less than or equal to eleven million a month, you don't have to pay personal income tax.

The current Vietnamese tax law allows taxpayers to deduct for themselves of eleven million dongs a month, deduct dependents of four point four million dongs a person per month.