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personal income tax

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.
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.
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.
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...
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The Ministry of Finance has withdrawn a proposal to levy a 20 per cent personal income tax on profits from sales of real estate assets, opting instead to maintain the current flat tax on 2 per cent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...
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.
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.
Việt Nam defers over 3.9 billion in tax and land rent payments for 2025

Việt Nam defers over $3.9 billion in tax and land rent payments for 2025

Under Decree 82, businesses and household businesses are eligible for a deferral on value-added tax (VAT), corporate income tax (CIT), personal income tax (PIT) and land rent.
Personal income tax proposed for interest on some bank savings accounts

Personal income tax proposed for interest on some bank savings accounts

Instead of the current personal income tax exemption on interest from all individual bank savings accounts, the proposal would exempt tax only for low amounts of savings.
Finance ministry proposes changes in new personal income tax law

Finance ministry proposes changes in new personal income tax law

The replacement law is set to be approved by the National Assembly at its 11th session in May 2026.