Are you eligible for a PIT refund in Vietnam?

In Vietnam, if you qualify as a tax resident and have paid more in taxes than you owe, you may be eligible for a personal income tax refund. The refund is calculated using a formula based on the amount you have paid and the amount you owe. If the result is positive, you can request a refund, but if it's negative, you will have to pay the difference. Each type of income has its own tax rate. Make sure to meet the conditions and calculate your refund correctly to request it from the tax authority. Living in Vietnam. You work hard and pay your taxes. But what if we told you there's a chance you could get some of that money back? That's right, you might be eligible for a personal income tax, TIT, refund. Tax refund conditions. A tax resident is defined as someone residing in Vietnam for 183 days or more in either the calendar year or a period of 12 consecutive months from the date of arrival. Their paid tax amounts are larger than payable tax amounts. They have paid tax but their tax incomes do not reach a tax liable level. The formula for calculating overpaid personal income tax amount is as follows. Overpaid PIT amount equals paid PIT amount, PIT payable according to tax settlement, asterisk. If the result of this formula is positive, it is an overpaid amount and the taxpayer can ask for a refund of the excessive amount. On the other hand, if the result is negative, it is an underpaid amount and the taxpayer will have to pay the difference amount to the tax agency. Asterisk, the PIT payable, according to the tax settlement, is calculated using a progressive formula with rates ranging from 5%, 5%, to a maximum of 35%, 35%. Each type of income is subject to its own tax rate. Conclusion If you meet the above conditions and after calculation, the overpaid personal income tax, PIT, amount is positive, you can request a refund of the excess tax paid to the tax authority. However, if the result is negative, you will have to pay the shortfall amount to the tax authority.