8 cases of receiving money into personal accounts must pay tax

Nowadays, transferring and receiving money into personal accounts has become commonplace, from receiving salaries, selling online, investing for profit, to buying and selling real estate... There are 8 cases where receiving money into an account requires paying personal income tax. Without understanding these cases, many people may unintentionally violate the regulations, or conversely, worry about overpaying or paying incorrectly. Therefore, accurately understanding these cases is something that anyone with a bank account needs to be aware of.

According to the E-commerce Tax Department (Tax Department, Ministry of Finance ), there are 8 groups of cases where money received into a personal account is subject to personal income tax, if the total income reaches the taxable threshold as prescribed.

1. Income from production, business, and licensed professional activities.

If revenue exceeds 100 million VND per year, tax must be paid. If it is below this amount, no tax is payable.

2. Salaries and wages

This is a standard source of income, excluding allowances and subsidies that are legally exempt from tax.

3. Income from capital investment

Examples include interest on loans, dividends, and other forms of capital investment (excluding interest on government bonds).

4. Income from capital gains

This includes selling equity stakes in a business, transferring securities, or other forms of transactions.

5. Income from the transfer of real estate

From buying and selling land, houses, and assets attached to land to the right to lease land and water surface.

6. Income from lottery winnings

Examples include lotteries, promotions, betting, games, prize contests, and other forms of prize winning as prescribed by law.