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personal income tax
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Lawmakers proposes raising tax exemption threshold to 1 billion VND
The current taxable revenue threshold of 500 million VND (19,000 USD) per year is no longer aligned with reality. Based on projected per capita GDP levels of approximately 125.5 million VND in 2025 and 128–130 million VND in 2026, the existing threshold represents only about four times per capita income, significantly lower than the 8–15 times range commonly observed in comparable economies.
Politics-Diplomacy
Lawmakers review taxable revenue threshold for household businesses
Law-makers on the morning of April 23 discussed in plenary a draft law amending and supplementing a number of articles of the laws on Personal Income Tax, Value-Added Tax, Corporate Income Tax, and Special Consumption Tax.
New laws expected to enhance efficiency in national resource management
Under the Law on Personal Income Tax, the family circumstance-based deduction for taxpayers is set at 15.5 million VND (nearly 590 USD) per month while the deduction for each dependent is 6.2 million VND per month.
Numerous important laws, resolutions to be adopted on December 10
Lawmakers discuss proposal to raise revenue threshold exempt from tax for business households
NA deputies call for flexible, practical approaches to personal income tax management
NA Standing Committee approves personal income tax deduction adjustments
NA Standing Committee to give feedbacks on numerous laws at 50th session
Oct 08, 2025 11:55
The National Assembly (NA) Standing Committee will consider and give opinions on many laws and resolutions at its 50th session, which is scheduled to last for six days, according to the NA Office.
Amended personal income tax law to be submitted to NA in October
Aug 07, 2025 20:07
Four draft amended laws, including the one on personal income tax, will be submitted to the parliament for discussion and approval at the 10th session, scheduled for this October.
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