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Tax management

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NA deputies call for flexible, practical approaches to personal income tax management

NA deputies call for flexible, practical approaches to personal income tax management

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.

Politics-Diplomacy

NA’s Standing Committee pushes ahead digital transformation in tax management

The draft Law on Tax Administration plans to cut 96 administrative procedures, or 44% of the current total, and simplify 63 others. It spotlights a clear direction toward completely abolishing lump-sum taxation for household and individual businesses from 2026, while creating a favourable legal framework for these entities to transition into enterprises.