đá bóng trực tiếpWhat are regulations on heirs at law in Vietnam? What incomes from inheritance are subject to personal income tax in Vietnam?

What are regulations on heirs at law in Vietnam?

Pursuant to đá bóng trực tiếp provisions of Article 651 of đá bóng trực tiếpCivil Code 2015, đá bóng trực tiếp order of inheritance under đá bóng trực tiếp law is prescribed as follows:

Heirs at Law

1. Heirs at law are prescribed in đá bóng trực tiếp following order:

a) First order of heirs includes: spouse, biological parents, adoptive parents, biological children, adopted children of đá bóng trực tiếp deceased;

b) Second order of heirs includes: paternal grandparents, maternal grandparents, biological siblings of đá bóng trực tiếp deceased; biological grandchildren of đá bóng trực tiếp deceased where đá bóng trực tiếp deceased is đá bóng trực tiếp paternal grandparent or maternal grandparent;

c) Third order of heirs includes: great-grandparents of đá bóng trực tiếp deceased; uncles, aunts of đá bóng trực tiếp deceased; biological nephews/nieces of đá bóng trực tiếp deceased where đá bóng trực tiếp deceased is their uncle/aunt; great-grandchildren of đá bóng trực tiếp deceased where đá bóng trực tiếp deceased is their great-grandparent.

2. Heirs of đá bóng trực tiếp same order shall inherit equal shares of đá bóng trực tiếp estate.

3. Heirs of a subsequent order are entitled to inherit only if there are no heirs from đá bóng trực tiếp preceding order due to their death, absence of inheritance rights, disqualification from inheritance, or refusal to accept đá bóng trực tiếp inheritance.

Accordingly, based on đá bóng trực tiếp aforementioned provisions, đá bóng trực tiếp order of inheritance under đá bóng trực tiếp law is divided into three orders of heirs as follows:

- đá bóng trực tiếp first order of heirs includes: spouse, biological parents, adoptive parents, biological children, adopted children of đá bóng trực tiếp deceased;

- đá bóng trực tiếp second order of heirs includes: paternal grandparents, maternal grandparents, biological siblings of đá bóng trực tiếp deceased; biological grandchildren of đá bóng trực tiếp deceased where đá bóng trực tiếp deceased is đá bóng trực tiếp paternal or maternal grandparent;

- đá bóng trực tiếp third order of heirs includes: great-grandparents of đá bóng trực tiếp deceased; uncles, aunts of đá bóng trực tiếp deceased; biological nephews/nieces of đá bóng trực tiếp deceased where đá bóng trực tiếp deceased is their uncle/aunt; great-grandchildren of đá bóng trực tiếp deceased where đá bóng trực tiếp deceased is their great-grandparent.

Note: Heirs of đá bóng trực tiếp same order are entitled to equal shares of đá bóng trực tiếp estate. Heirs of a subsequent order are only entitled to inherit if there are no heirs from đá bóng trực tiếp preceding order due to their death, disqualification, or refusal to accept đá bóng trực tiếp inheritance.

What are regulations on heirs at law in Vietnam?(Image from đá bóng trực tiếp Internet)

What incomes from inheritance are subject to personal income tax in Vietnam?

Based on đá bóng trực tiếp provisions of Clause 9, Article 2 ofCircular 111/2013/TT-BTC, đá bóng trực tiếp following Incomes from inheritance are subject to PIT:

(1) Inheritance received as securities

- Stocks, stock purchase rights, bonds, treasury bills, fund certificates

- Other types of securities as prescribed by đá bóng trực tiếpLuật trực tiếp bóng;

- Shares of individuals in a joint-stock company as prescribed by đá bóng trực tiếpLuật xoilac tv trực.

(2) Inheritance received as capital in economic organizations, business establishments

- Capital contributions in limited liability companies, cooperatives, partnerships, business cooperation contracts;

- Capital in private enterprises, business establishments of individuals;

- Capital in associations, funds permitted to establish under legal provisions or entire business establishments if they are private enterprises, individual business establishments.

(3) Inheritance received as real estate

- Land use rights;

- Land use rights with assets attached to đá bóng trực tiếp land;

- House ownership rights, including future houses;

- Infrastructure and construction projects attached to đá bóng trực tiếp land, including future projects;

- Land lease rights;

- Water surface lease rights;

- Other income received from real estate inheritance in any form; except real estate inheritance under guidance at Point d, Clause 1, Article 3 ofCircular 111/2013/TT-BTC.

(4) Inheritance received as other assets requiring ownership or usage registration with State management agencies

Including: automobiles; motorcycles, motor scooters; ships, including barges, canoes, tugboats, push boats; boats, including yachts; aircraft; hunting guns, sports guns.

What incomes from inheritance are exempt from PIT in Vietnam?

According to Point d, Clause 1, Article 3 ofCircular 111/2013/TT-BTCon assets received from inheritance exempt from PIT, these include real estate (including housing, future construction as per real estate business legislation) specifically between:

- Husband and wife;

- Biological parents and biological children;

- Adoptive parents and adopted children;

- Parents-in-law and daughters-in-law;

- Parents-in-law and sons-in-law;

- Paternal grandparents and grandchildren;

- Maternal grandparents and grandchildren;

- Siblings.