Inheritance and gifts must be subject to personal income tax from July 2026

Legal Consulting Department of Lao Dong Newspaper answers:

Article 15, Decree 253/2026/ND-CP detailing a number of articles and measures to organize and guide the implementation of the Law on Personal Income Tax (effective from July 1, 2026) stipulates income from inheritance and gifts specified in Clause 9, Article 3 of the Law on Personal Income Tax, including:

1. Income from inheritance and gifts is part or all of the contributed capital in a limited liability company, partnership company, business cooperation contract, cooperative, cooperative union, people's credit fund, or other organization.

2. Income from inheritance, gifts of shares, share purchase rights; bonds, bills, fund certificates and other types of securities as prescribed by the law on securities; shares of individuals in joint-stock companies as prescribed in Clause 2, Article 4 of the Securities Law and Article 121 of the Enterprise Law.

3. Income from inheritance, gifts that are real estate include: land use rights; land use rights with assets attached to land; ownership of houses, including houses formed in the future; infrastructure and construction works attached to land, including construction works formed in the future; land lease rights in land lease contracts (including land with water surface); water surface lease rights; other assets that are real estate as prescribed by law.

4. Income from inheritance, gifts are cars, motorbikes, motorcycles, ships, including barges, canoes, tugboats, pushboats, boats, including yachts, aircraft, hunting rifles, sports guns and other assets that must be registered for ownership or use rights with state management agencies.

Thus, from July 1, 2026, income from inheritance and gifts mentioned above must be subject to personal income tax.