The government has just issued a decree extending the deadline for paying value-added tax, corporate income tax, personal income tax, and land rent for the year 2026.
The Ministry of Finance maintains its proposal to raise the maximum income for dependents to 3 million VND per month, without automatic adjustment for inflation.
The Ministry of Finance stated that there is currently no basis for specifying the details of personal income tax collection on gold bullion transactions.
Experts suggest that while awaiting regulatory amendments, the tax authorities should step up support efforts to prevent situations where people are unable to leave the country due to outstanding tax debts of a few tens of thousands of dong.
The Ministry of Finance proposes that only incomes exceeding 28,63 million VND/month be subject to tax, and that an additional maximum of 47 million VND/year be allocated for healthcare and education/training expenses.
According to the new law passed by the National Assembly, the government will set the tax threshold for household and individual businesses instead of having a rigid regulation in the law.
According to experts, the proposed maximum deduction of 47 million VND per year for medical and educational expenses for individual income taxpayers is still low and needs to be increased.
The Ministry of Finance has proposed adjusting the income threshold used to determine dependents for the purpose of applying personal allowance deductions.
The Ministry of Finance is seeking feedback on a draft decree guiding the Personal Income Tax Law, which proposes a 20% tax on income from capital transfers.
From January 1st, households and individuals engaged in the business of renting houses and real estate with annual income exceeding 500 million VND must pay value-added tax and personal income tax at a rate of 5%.
From January 1, 2026, the lump-sum tax system will be abolished, and more than 5 million households and individual businesses will switch to a self-declaration and tax payment mechanism.
The personal income tax brackets have been reduced from 7 to 5, helping to lessen the tax burden for workers and removing many individuals from the tax bracket.
This year's personal income tax period will be finalized at the end of the first quarter of 2026, so there are high expectations that the newly approved deductions will be applied immediately.
According to experts, raising the taxable revenue threshold to 500 million VND per year is beneficial for household businesses, but other factors still need to be considered.
According to Ms. Nguyen Thi Cuc, President of the Vietnam Tax Consulting Association, the tax-exempt revenue threshold for household businesses may be raised to approximately 300 million VND per year.
The Ministry of Finance announced that it will continue to study methods for calculating taxes for households and individuals with revenue of 3 billion VND or less.
According to experts, the personal allowance of VND 15,5 million per month may be relatively appropriate in 2025, but it will become outdated if applied from the 2026 tax year.
At the National Assembly session on the afternoon of November 10th, many National Assembly deputies offered suggestions on policies to encourage women to have two children, especially policies providing financial support.
The Economic and Financial Committee suggested considering imposing a tax on the transfer of gold bars to avoid disadvantages for people who transfer gold for non-speculative purposes.