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personal income tax (PIT)

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.
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.
Outdated PIT weighs on those struggling to make ends meet in major cities

Outdated PIT weighs on those struggling to make ends meet in major cities

It is urgent for Viet Nam to amend the regulations on personal income tax (PIT), which have proven to be outdated and weighing on people, especially those struggling to make ends meet in major cities.
Deputy PM demands tax hike reviews, experts beg to differ

Deputy PM demands tax hike reviews, experts beg to differ

Deputy Prime Minister Vuong Dinh Hue asked that the Ministry of Finance’s controversial new amendment drafts to tax laws be adjusted to meet both the national growth plan and the current economic climate.