After 3 months of gathering opinions other ministries, agencies, the latest amendments and supplements a number of articles on Personal Income Tax Law has been submitted to the Government by The Ministry of Finance.
The most positive point is the Ministry has strongly increased the level of family allowances, tax starting with initial calculations on the basis of absorbing the comments.
Accordingly, the level of family allowances for taxpayers themselves are 9 million VND/month, equivalent to over 108 million VND/year, deductions for dependents 3.6 million VND/month/person, equivalent to 43.2 million VND/person/year.
The above adjusted rates are 1.25 times higher than the current levels and increased 50% over the original proposal.
The amendment will come into effect from 01/01/2014.
(Source: Ministry of Finance)
ANT Lawyers
Let us help your business in Vietnam with legal services
Read more on contract, business, investment, Intellectual Properties, employment, dispute resolution and civil matters.
Introduction: The World Is Changing Fast, So Should Your Strategy When the world becomes unpredictable,…
The recent imposition of US tariffs on Vietnamese goods has stirred both caution and opportunity…
Why Provincial Mergers in Vietnam Matter to You Imagine waking up one morning to find…
The Pilot Policy of Low-Orbit Satellite Internet in Vietnam Now, Vietnam has moved its position,…
ANT Lawyers in Hanoi Recruitment We are currently hiring Legal Intern Position in Hanoi for…
Introduction to the Vietnam Fast-Track Investment Procedure In the highly competitive global race to attract…
This website uses cookies.