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taxable income

Update news taxable income

Personal income tax brackets reduced to five, benefiting taxpayers
Vietnamnet global

Personal income tax brackets reduced to five, benefiting taxpayers

The Ministry of Finance (MOF) has submitted a draft amendment to the PIT Law, proposing to reduce the number of tax brackets from seven to five. This approach reduces the tax burden for most taxpayers, especially those with middle and low incomes.

Taxable PIT threshold should be raised to VND12-15 million/month: experts
Vietnamnet global

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.

Family-circumstance deduction on PIT should be VND17-18 million: experts
Vietnamnet global

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.