Individuals with one dependent and monthly income exceeding 28,63 million VND will only pay tax after deducting up to 47 million VND annually for medical and education expenses, as per a government decree.
Businesses and business households will receive extensions for tax and land rent payments in 2026, totaling approximately 125,000 billion VND, to support production and business activities.
The taxable revenue threshold for business households and individuals has been raised to above 1 billion VND per year. What is the process if taxes were declared and paid previously but revenue falls below this new threshold?
After Covid-19, I started working a second job for another company, in addition to my main work of over 10 years. Previously, I paid little attention to personal income tax finalization, believing my company handled everything.
The Ministry of Finance states there are insufficient grounds to apply personal income tax to gold bar transactions, despite the law now including this income type as taxable.
Several ministries, localities, and businesses propose establishing a mechanism for periodic adjustment of tax deductions for medical and education expenses based on economic fluctuations.
Individuals with one dependent and a monthly income exceeding 28,63 million dong will only be required to pay tax after deducting up to 47 million dong annually for medical and education expenses, according to the Ministry of Finance's proposal.
