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personal income tax
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National Assembly adds three items to agenda of first extraordinary session
The NA Standing Committee recommends adding three items to the agenda: separating the Ninh Thuan nuclear power project into independent projects; mechanisms and policies for sea-reclamation urban development projects to be incorporated into the draft Law on Urban Development; and a draft NA resolution on reducing personal income tax and corporate income tax for individuals and businesses.
Politics-Diplomacy
Gold bar transfer to be imposed 0.1% personal income tax from July 1
Each transfer of gold bars will be subject to a 0.1% personal income tax starting July 1 under the 2025 Law on Personal Income Tax, as part of measures to strengthen oversight of the gold market.
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.
Lawmakers review taxable revenue threshold for household businesses
New laws expected to enhance efficiency in national resource management
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
Nov 05, 2025 22:34
National Assembly (NA) 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.
NA Standing Committee approves personal income tax deduction adjustments
Oct 17, 2025 22:54
Most legislators supported the second option where personal income tax deduction adjustment will base on per capita income and GDP growth. Under this plan, the deduction for taxpayers would increase to around 15.5 million VND per month, and to 6.2 million VND per month per dependent.
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.
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