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Personal income tax
Update news Personal income tax
Taxable PIT threshold should be raised to VND12-15 million/month: experts
Experts have suggested reconsidering the taxable personal income threshold to VND12-15 million as the current VND10 million per month cannot keep up with urban living costs.
Personal income tax of 35% on income over VND100 million seen as too high
The Ministry of Finance (MOF) has proposed reducing the number of personal income tax (PIT) brackets from seven to five, with the highest tax rate remaining at 35 percent. However, experts have suggested eliminating the 35 percent rate.
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.
Tax reform to boost fairness and growth
The Ministry of Finance is proposing a major overhaul of personal income tax, aiming to reduce complexity, ease compliance, and encourage economic growth.
Family-circumstance deduction on PIT should be VND17-18 million: experts
Experts have suggested increasing the family circumstance deduction to VND17-18 million per month, higher than that planned by the Ministry of Finance (MOF), and applying the new level immediately from the 2025 tax period.
Lawmakers weigh 2% revenue tax vs 20% profit tax for property sales
The 2 percent personal income tax (PIT) on property sale revenue is simple and easy to apply, while the 20 percent tax on profit ensures fairness: gainers have to pay tax, while losers don’t have to.
