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family deduction
Updated news related to family deduction
Amending personal income tax: Need to add reasonable option 3 to be closer to reality
The Ministry of Finance is studying to amend the personal income tax (PIT) schedule by reducing the number of tax brackets from 7 to 5 and widening the income gap between brackets. The goal is to ensure greater fairness in income regulation while simplifying tax calculation. Currently, two options for adjusting the tax schedule are being widely consulted in society.
Economy
Family deduction: The 'first' problem
Recently, in addition to the joy of receiving a basic salary increase, many people shared concerns about the salary increase but the family deduction level is still low, causing the actual amount received to not be as expected. Family deduction is considered a difficult "first - where is the money" problem for many households.
Personal income tax reduced for the first time in 10 years, still collecting over hundreds of thousands of billions
This is the first year in the past 10 years that personal income tax revenue has grown negatively in three quarters of the year. However, personal income tax is still a large part of total budget revenue.
Many shortcomings of the Personal Income Tax Law
The Ministry of Finance is seeking opinions on amending and supplementing the Law on Personal Income Tax. According to experts and businesses, the amendment is very necessary because the law has too many shortcomings.
Family deduction increased to 11 million VND, how much income is required to pay tax?
With the family deduction for calculating personal income tax increased to 11 million VND/month for taxpayers and 4.4 million VND/month for dependents, how much income do employees have to earn to pay tax?
'The 11 million family deduction is outdated'
People and experts say that the Ministry of Finance's family deduction of 11 million VND is too low, even "insensitive and outdated" with current life.
Increase family deduction when calculating personal income tax
In the draft Resolution, the Ministry of Finance proposed to increase the family deduction level when calculating personal income tax for taxpayers and dependents. Accordingly, individuals may only have to pay tax on incomes of over VND11 million and be deducted up to VND4.4 million for 1 dependent.
Tax industry proposes to increase family deduction level
DNUM_DAZAIZCABJ 06:22
Tax authorities propose to amend the Personal Income Tax Law when the deduction for dependents remains unchanged, while the CPI has increased by more than 20%.
Proposed regulations to adjust family deduction levels
DNUM_AFZBBZCABC 23:23
Continuing the 4th session of the 13th National Assembly, on the afternoon of November 5, delegates discussed in groups the draft Law on amending and supplementing a number of articles of the Law on Personal Income Tax and the draft Law on grassroots mediation.
Government proposes new family deduction level
DNUM_CHZBAZCABC 10:59
Increase the family deduction for the taxpayer himself to 9 million VND/month; each dependent is 3.6 million VND/month. On the morning of October 26,...
Government proposes new family deduction level
DNUM_CGZBAZCABC 15:13
Increase the family deduction for the taxpayer himself to 9 million VND/month; each dependent is 3.6 million VND/month.
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