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Thailand vs Vietnam Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
Thailand35%
Vietnam35%
Corporate Tax
Thailand20%
Vietnam20%
Capital Gains
Thailand35%
Vietnam20%Lower
VAT / Sales Tax
Thailand7%Lower
Vietnam10%
| Category | Thailand | Vietnam |
|---|---|---|
| Tax System | Progressive | Progressive |
| Top Income Tax | 35% | 35% |
| Corporate Tax | 20% | 20% |
| Capital Gains | 35% | 20% |
| VAT / Sales Tax | 7% | 10% |
| Crypto Tax | Yes | No |
| Wealth Tax | No | No |
| Tax Treaties | 61 | 81 |
| Currency | THB | VND |
The bottom line: Thailand vs Vietnam
Thailand and Vietnam are evenly matched on the four headline taxes, each coming out lower on two of them — so the better choice depends on your specific income mix. Thailand runs a progressive tax system, while Vietnam uses a progressive one. On crypto, Vietnam is the more favourable — it does not tax cryptocurrency gains. Vietnam has the wider tax-treaty network (81 agreements), which can reduce withholding tax on cross-border income.
- Income tax: identical in both (35%)
- Corporate tax: identical in both (20%)
- Capital gains tax: Vietnam is lower (35% vs 20%)
- VAT / sales tax: Thailand is lower (7% vs 10%)