
Personal allowances increased to 15,5 million VND: Still not keeping up with the cost of living?
Will increasing the personal allowance to 15,5 million VND be enough to alleviate the financial burden amidst continuously rising prices?

Will increasing the personal allowance to 15,5 million VND be enough to alleviate the financial burden amidst continuously rising prices?

The Ministry of Finance has proposed increasing the personal income tax deduction for dependents, effective from the 2026 tax year; however, many believe this is too late.

The Ministry of Finance has proposed increasing the personal allowance for taxpayers to 15,5 million VND and for dependents to 6,2 million VND, but many still want to increase it further.

The Ministry of Finance has proposed raising the personal allowance for taxpayers to 15,5 million VND and for dependents to 6,2 million VND.

The Ministry of Finance has proposed raising the tax threshold for personal income tax on certain income sources such as lottery winnings and inheritances to 20 million VND.

According to the Ministry of Finance, the personal allowance deduction is applied uniformly across the entire society, regardless of whether individuals have high or low incomes.

The Ministry of Finance has just submitted a draft of the amended Personal Income Tax Law, proposing to reduce the progressive tax rate from 7 brackets to 5 brackets, but the highest rate will remain at 35%.

According to National Assembly representative Hoang Van Cuong, the tax threshold of 11 million VND is outdated, eroding workers' income, and needs to be adjusted soon to ensure fairness.

Mr. Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association, provided the above information after attending a meeting on the draft Personal Income Tax Law on July 31st.

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Many experts believe that the Ministry of Finance's proposal for a maximum personal income tax rate of 35% is too high and should be reduced to 20-30% to encourage people to get rich.

The proposed personal allowance of 15,5 million VND/month does not adequately reflect the actual spending pressure on workers, especially those in urban areas.

According to experts, the proposal to impose a 20% tax on profits from securities transfers could help prevent manipulation by large investors and make the market more transparent.

The Ministry of Finance has proposed raising the personal allowance for taxpayers to 13,3-15,5 million VND/month, but experts believe it still needs to be increased further to reflect current living standards.

According to the Ministry of Finance's proposal, the personal allowance for taxpayers could be 13,3-15,5 million VND/month, and the allowance for dependents could be 5,3-6,2 million VND/month.

Starting from the 2024 tax year, the tax authorities will implement an automated personal income tax refund process. Taxpayers need to be aware of several things to ensure a quick process.

From 5 PM today (March 12th) until 8 AM on March 17th, the Tax Department - Ministry of Finance will temporarily suspend some electronic tax systems to facilitate the upgrading and conversion of tax authority categories.

The Ministry of Finance is seeking feedback on the draft decree extending the deadline for paying VAT, corporate income tax, personal income tax, and land rent for the year 2025.

Many argue that, at present, taxing interest earned on savings deposits is inappropriate, while others agree with it.

The People's Committee of Can Tho City has proposed expanding the scope of personal income tax to include interest earned on savings, while only exempting small savings deposits from personal income tax.

According to many experts, the current personal allowance is no longer adequate for the economic conditions and living standards of the people and needs to be raised to at least 18 million VND per month.

The Ministry of Finance has proposed reducing the tax brackets and widening the gap between them in the progressive tax rate schedule to lessen the burden on individual income taxpayers.

Below is a detailed guide on how to calculate personal deductions according to the latest regulations, applied from 2020 under Resolution 954/2020/UBTVQH14.

If the consumer price index fluctuates, at the 50th session of the National Assembly Standing Committee in October 2025, the possibility of increasing the personal allowance for calculating personal income tax will be considered.

Many groups of goods and services currently subject to a 10% tax rate will have their value-added tax reduced from January 1, 2025 to June 30, 2025.

Besides their main income from teaching regular classes, many teachers also have other sources of income from tutoring. So, do teachers who tutor have to pay taxes?

When it comes to selling a house, many people often worry about income tax, especially when the transaction takes place between relatives.

In its submission to the Government proposing the draft Law on Personal Income Tax (replacement), the Ministry of Finance has proposed several important changes.

The reviewing agency and the drafting agency have agreed to report to the National Assembly for consideration of adding amendments to two laws: the Personal Income Tax Law and the Law on Handling Administrative Violations.

What taxes and fees need to be paid when transferring ownership of social housing, and what are the latest regulations currently in effect?