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Update news vietnam's tax policies
The export tariff for gold or silver products has been reduced from 1% to 0%, according to a recent Government decree.
The draft Law on Personal Income Tax proposes a 0.1% tax rate on bullion transfers. Transactions of raw gold and jewelry would remain exempt.
Proposals to tax based on property ownership duration have been dropped in favor of the current 2% flat-rate system.
In addition to including party membership fees and trade union dues as deductible items in PIT calculations, several organizations and individuals have also proposed increasing the deduction limit for retirement insurance contributions.
Experts have suggested that taxes should not be applied to gold used for weddings or consumer jewelry, but only to income from gold bullion investments.
The Ministry of Finance (MOF) has proposed solutions to address global minimum tax challenges for several BOT power projects, which face an additional tax burden of over $400 million.
Millions of small business households are facing a major turning point, as the lump-sum tax system is replaced by tax declaration starting in 2026, part of a broader regulatory reform to modernise tax administration.
The draft amended Personal Income Tax (PIT) Law proposes reducing the progressive tax brackets from seven to five, while maintaining the highest tax rate at 35 percent for taxable income above VND100 million per month.
Some propose a 20% tax on profits from gold trading, while others suggest a lower rate based on total transaction value.
Taxing income from gold trading has been deemed appropriate by experts to curb speculation and short-term trading. However, the tax policy needs to be adjusted to differentiate between legitimate savings and speculative activities, they said.
Forcing tax compliance by revoking or suspending business licenses is a counterproductive measure: it violates the Constitution, contradicts Resolution 68, and, most importantly, is ineffective.
The Ministry of Finance (MOF) plans to apply a 17 percent income tax rate to individuals and household businesses with annual revenue exceeding a government-defined threshold, using a method similar to corporate income tax.
Financial experts support taxing gold profits but urge the government to exempt long-term savings and small-scale sales.
The proposed increase of the family deduction threshold to VND15.5 million/month for taxpayers is considered outdated, especially since it will only take effect from the 2026 tax year, meaning tax finalization won't occur until 2027.
The Ministry of Finance (MOF), ignoring a proposal to raise the family circumstance deduction to VND20 million a month, has submitted a plan to increase it to VND15.5 million.
Regarding the amendment to regulations on family circumstance-based deduction for individual taxpayers and their dependents, the Ministry of Finance (MOF) proposes assigning the Government to regulate the deduction level.
Vietnam’s taxman is cashing in on the digital boom, with nearly VND135 trillion ($5 billion) collected from e-commerce and digital economy players in the first eight months of 2025 – a 63% surge year-on-year, according to the Department of Taxation.
Vietnam's Ministry of Finance scraps plan for a 20% tax on property sale profits, opting to keep the current 2% flat rate for simplicity and feasibility.
The Ministry of Construction (MOC) says tax policies on unused real estate and housing should be studied with the aim of preventing speculation and price inflation.
The finance ministry withdraws controversial proposal, keeping the current 2% tax rate.