PIT

Update news PIT

From August 1, 2021, a 5 percent VAT and 2 percent PIT will be imposed on services such as saunas, massage, karaoke, discotheques, billiards, internet, games, tailoring, laundry, haircut and hairdressing, and other services.

Finance Ministry plans to raise personal income tax threshold

According to Pham Dinh Thi, director of the MOF’s Tax Policy Department, the family circumstance deductions are defined in accordance with the amended PIT (personal income tax) Law.

VN Finance Ministry urged to amend out-of-date personal income tax law

The consumer price index (CPI) has increased by 22 percent compared with July 2013, when the 2012 amended PIT Law took effect. However, the taxation threshold remains unchanged.

Personal income tax too high for low-income earners

Under the current PIT law, pho sellers and taxi motorbike taxi drivers have to pay tax.

PIT law out of date, burdening taxpayers

The prices of essential goods and services have been increasing rapidly, while the personal income tax (PIT) has remained unchanged over the six years.

Finance Ministry plans tax cut to give push to hi-tech labor market

The Ministry of Finance has proposed a 50 percent personal income tax (PIT) reduction on income from salaries and wages of hi-tech workers in an effort to help ease enterprises’ staff shortage. 

Finance Ministry plans new personal income rates

If applying the personal income tax (PIT) rates introduced to the public last August, the state budget revenue would lose VND3.1 trillion a year. 

National Assembly weighing plan to tax second homes

VietNamNet Bridge - National Assembly committees all want to tax second and subsequent houses  purchased to restrict speculation, but it is still unclear when the tax would be applied.

Does Flappy Bird creator have to pay tax?

VietNamNet Bridge - Nguyen Ha Dong, the creator of Flappy Bird, who earned big money with the game, has declared his income to pay the corporate income tax of VND1.4 billion.  

Giant hole in Thanh Hoa sinks again

Just a few days after being flattened with 1,000 m3 of rock and soil, a big pit in Quy Loc commune, Yen Dinh district in Thanh Hoa province has subsided again and expanded to nearby private property.

Quang Nam: Pit containing half a ton of explosives detected

 VietNamNet Bridge – In a raid against illegal gold miners in Phuoc Son district of the central province of Quang Nam, local police found a pit containing more than 480kg of explosives.