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income tax

Tax relief for household businesses takes centre stage in law debate

Tax relief for household businesses takes centre stage in law debate

Lawmakers back raising the tax-free threshold for household businesses to VNĐ1 billion, while calling for clearer rules, safeguards against abuse and greater policy transparency.
PM asks National Assembly to support raising tax exemption threshold for business households

PM asks National Assembly to support raising tax exemption threshold for business households

Under the draft law, the Ministry of Finance proposes that the tax exemption threshold for business households and individual businesses be raised to VNĐ1 billion per year from the current VNĐ500 million.
Expanding personal income tax exemptions to drive knowledge economy

Expanding personal income tax exemptions to drive knowledge economy

Việt Nam is seeking public feedback on a draft decree expanding personal income tax exemptions to spur innovation, attract talent and drive long-term economic transformation.
Finance Ministry clarifies new gold bar tax amid market concerns

Finance Ministry clarifies new gold bar tax amid market concerns

Finance Ministry defends new 0.1 per cent gold bar tax, says measure won''t harm savers but will curb speculation.
New SMEs to enjoy CIT exemption for three years

New SMEs to enjoy CIT exemption for three years

New small and medium-sized enterprises (SMEs) are exempted from corporate income tax (CIT) for their first three years of operation under a new Government decree which aims at promoting the development of the private sector.
Millions set to benefit from personal income tax reduction from 2026

Millions set to benefit from personal income tax reduction from 2026

Under the amended Law on Personnal Income Tax, the personal deduction will rise to VNĐ15.5 million (US$590) per month from VNĐ11 million at present. Taxpayers are also entitled to mandatory insurance deductions and contributions to charity and humanitarian funds.
Decree regulates corporate income tax incentives

Decree regulates corporate income tax incentives

A CIT rate of 15 per cent applies to enterprises with a total revenue in the preceding year of not more than VNĐ3 billion (US$114,000), while a CIT rate of 17 per cent applies to enterprises with a total revenue in the...
Lawmakers discuss proposal to raise revenue threshold exempt from tax for business households

Lawmakers discuss proposal to raise revenue threshold exempt from tax for business households

The Government proposed raising the revenue threshold exempt from tax for business households from VNĐ200 million (over US$7,580) to VNĐ500 million per year.
Small gold tax proposed to prevent speculation

Small gold tax proposed to prevent speculation

Under the proposal, sellers would be required to pay tax based on the total transfer value of each deal, regardless of whether the transaction results in a profit or a loss.
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.