Vietnam: Change in taxation of capital gains of nonresident shareholders in non-public joint stock companies and LLCs
Nonresident shareholder capital gains subject to deemed corporate income tax rate applied to gross sales proceeds.
The National Assembly of Vietnam on June 14, 2025, passed legislation that changes the taxation of capital gains recognized by nonresident shareholders on shares in non-public joint stock companies or limited liability companies in Vietnam—effective October 1, 2025.
Under the new rules, nonresident shareholders deriving such capital gains—whether directly or indirectly—will be subject to a deemed corporate income tax rate applied to gross sales proceeds. Past acquisition costs or potential losses will no longer be relevant for tax purposes.
The appliable deemed rate will be specified in future guidance expected to be issued before October 2025.
Read a June 2025 report prepared by the KPMG member firm in Vietnam