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HCM City to develop 30,000 social housing units for workers

HCM City to develop 30,000 social housing units for workers

The HCM City Labour Federation has partnered with a private developer to build 30,000 social housing units for workers by 2030, in an effort to address the growing demand for affordable housing among low-income labourers in the city.
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...
HCM City targets nearly 200,000 social housing units by 2028

HCM City targets nearly 200,000 social housing units by 2028

HCM City aims to have 199,400 social housing units by 2028, two years ahead of the target set by the Government, according to information released at a conference held on December 18.
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.
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...