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family circumstance deduction

Update news family circumstance deduction

Personal income tax of 35% on income over VND100 million seen as too high
Vietnamnet global

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.