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income

MoST drafts criteria for tax incentives for electronic equipment manufacturers

MoST drafts criteria for tax incentives for electronic equipment manufacturers

The Ministry of Science and Technology (MoST) is drafting a circular to establish criteria for enterprises implementing electronic equipment manufacturing projects to qualify for corporate income tax incentives.
PIT deduction rise offers ‘breathing space for households

PIT deduction rise offers ‘breathing space’ for households

Under the new policy, the deduction for each taxpayer will rise from VNĐ11 million to VNĐ15.5 million (US$590) per month, and for each dependent from VNĐ4.4 million to VNĐ6.2 million.
New laws on innovation, corporate income tax enacted from October 1

New laws on innovation, corporate income tax enacted from October 1

The Law on Science, Technology and Innovation, spanning seven chapters and 73 articles, establishes a legal framework to elevate Việt Nam’s sci-tech and innovation capabilities.
Ministry proposes PIT reforms, expected to ease burden on low-and-medium income earners

Ministry proposes PIT reforms, expected to ease burden on low-and-medium income earners

In the draft amendments to the Law on Personal Income Tax, the number of tax brackets is proposed to be reduced from seven to five, with the top rate of 35 per cent applying to monthly taxable income above either...
Talent hunt fuels IFC tax sweeteners

Talent hunt fuels IFC tax sweeteners

The proposal was raised in a draft decree on financial policies for the IFC.
Tax changes proposed for business individuals expected to create fairness

Tax changes proposed for business individuals expected to create fairness

There needs to be a detailed impact assessment of the tax changes before application to make the policy effective.
Ministry drops proposal for 20 per cent tax on gains from property sales

Ministry drops proposal for 20 per cent tax on gains from property sales

The Ministry of Finance has withdrawn a proposal to levy a 20 per cent personal income tax on profits from sales of real estate assets, opting instead to maintain the current flat tax on 2 per cent on the transaction...
Gia Lai seeks to boost key agricultural exports to China

Gia Lai seeks to boost key agricultural exports to China

Chinese market demand is diverse, favouring products where Gia Lai holds competitive advantages including coffee, durian, passion fruit, black pepper and coconut.
Some proposes CIT top rate of 35 per cent to be removed to encourage productivity

Some proposes CIT top rate of 35 per cent to be removed to encourage productivity

In the draft, the ministry proposes two reform options, both of which would apply the lowest tax rate of 5 per cent to taxable monthly income of VNĐ10 million (US\$400) after deductions.
Income from digital assets, domain names and licence plates to be taxed

Income from digital assets, domain names and licence plates to be taxed

In the draft amended Law on Personal Income Tax, the Ministry of Finance has proposed expanding the list of taxable incomes beyond the 10 categories currently stipulated in existing legislation.
Revised income tax law set for October submission

Revised income tax law set for October submission

Six main areas are under review, including taxable income definitions, tax-free income categories, and family circumstance deductions.
Platforms to help online sellers pay taxes from July 1

Platforms to help online sellers pay taxes from July 1

Economic experts described this as a major shift in tax administration aimed at enhancing the efficiency of tax collection from the fast-growing online business sector, which still faces gaps in data transparency and tax declaration compliance.
Việt Nam rolls out key tax reforms from July 1 to support fairer system

Việt Nam rolls out key tax reforms from July 1 to support fairer system

These changes follow the passing of several amended tax laws, including the revised Law on VAT, Law on Corporate Income Tax, Law on Personal Income Tax and Law on Special Consumption Tax. The s are seen as a major reform...
Proposed 20% tax on real estate profits sparks concerns

Proposed 20% tax on real estate profits sparks concerns

A proposal to impose a 20-per-cent tax on profits from real estate transfers could negative impacts on the housing market and overall accessibility for homebuyers.
Finance ministry considers 20 per cent tax rate on gain from property transfers

Finance ministry considers 20 per cent tax rate on gain from property transfers

As part of its review for personal income tax reforms, the proposal is outlined in the ministry’s recent report sent to the National Assembly, in which two methods for calculating tax on property transfers are under consideration.