Categories: LabourUpdate

Increase to 9 million VND starting taxable personal income

 

 

Increase to 9 million VND starting taxable personal income

 

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 contractbusiness, investmentIntellectual Propertiesemploymentdispute resolution and civil matters.

AddThis Website Tools
ANT Lawyers

Recent Posts

6 Smart Moves to Improve ESG for Exporters in Vietnam and Unlock Global Trade Advantages6 Smart Moves to Improve ESG for Exporters in Vietnam and Unlock Global Trade Advantages

6 Smart Moves to Improve ESG for Exporters in Vietnam and Unlock Global Trade Advantages

The World Is Watching You have the product. The factory is certified. Your logistics are…

2 days ago
7 Essential Truths to Open an Indirect Investment Account in Vietnam and Grow with Confidence7 Essential Truths to Open an Indirect Investment Account in Vietnam and Grow with Confidence

7 Essential Truths to Open an Indirect Investment Account in Vietnam and Grow with Confidence

Do you  want to invest overseas into Vietnam? Do you want to open an indirect…

4 days ago
5 Crucial Facts About ESG Laws in Vietnam That Could Save Your Business and Reputation5 Crucial Facts About ESG Laws in Vietnam That Could Save Your Business and Reputation

5 Crucial Facts About ESG Laws in Vietnam That Could Save Your Business and Reputation

The Business World Is Changing Fast Rules are shifting. Expectations are rising. Eyes are watching. …

1 week ago

7 Powerful Reasons Why ESG Compliance in Vietnam Will Win You Trust, Growth, and Global Clients

Trust matters. Today, more than ever. Across industries, many companies are now being asked. directly…

3 weeks ago

7 Bold Reasons Why Tokenization in Vietnam Could Transform Your Future

Change is coming. Quietly. Digitally. Rapidly. Let’s imagine the situation, which assets are no longer…

4 weeks ago

Vietnam P2P Lending: 5 Bold Reasons Why Decree 94/2025 Could Empower Millions or Backfire?

A New Financial Chapter Begins in Vietnam One person lends. Another borrows. It’s that simple.…

1 month ago