Personal income tax on inherited income and gifts from July 2026

Legal Consulting Department of Lao Dong Newspaper answers:

Article 18 of the 2025 Personal Income Tax Law (effective from July 1, 2026) stipulates personal income tax on income from inheritance and gifts as follows:

1. Personal income tax on income from inheritance and gifts of resident individuals is determined by taxable income multiplied by (x) with a tax rate of 10%.

2. Taxable income from inheritance and gifts is the value of inherited assets and gifts exceeding 20 million VND that the taxpayer receives each time they arise.

3. The time to determine taxable income is specified as follows:

a) For income from inheritance, it is the time when the taxpayer receives inheritance;

b) For income from receiving gifts, it is the time the organization or individual gives gifts to the taxpayer or the time the taxpayer receives income.

Thus, from July 1, 2026, the personal income tax rate for income from inheritance and gifts is calculated according to the above regulations.