National Assembly deputies continued the ongoing 10th session on November 5 by debating three bills, namely the Law on Tax Administration (revised), the Law on Personal Income Tax (revised), and the Law on Thrift Practice and Wastefulness Combat.

Among foreign suppliers, 176 entities had registered, declared and paid taxes through the portal by the end of September 2025. Major names include Meta, Google, Netflix and TikTok.

The proposed tax on gold bullion transactions aims to curb speculation and bring greater transparency to the market, but experts warn it could burden ordinary citizens.

For online sellers to pay taxes willingly, authorities need to provide clear guidance, lower compliance costs, and treat sellers as partners rather than subjects of surveillance, experts say.

The proposal to limit loans for second and subsequent home purchases has raised concerns about interfering with bank operations. If implemented, it could risk freezing the real estate market, as seen in China.

Vietnam’s National Assembly Standing Committee has approved environmental tax rates for fuel in 2026, maintaining reductions to support economic recovery.

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.