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Personal Income Tax Law
News updates related to the Personal Income Tax Law
From 2026, only business households with annual revenue exceeding 500 million VND will be required to pay taxes.
On the morning of December 10th, the National Assembly voted to pass the amended Personal Income Tax Law with over 92% of delegates in favor. The taxable revenue threshold for business households was raised from 100 million VND...
Economy
The latest proposal regarding the tax-exempt revenue threshold for individuals and household businesses.
On the evening of December 2nd, the Standing Committee of the National Assembly met to discuss and provide feedback on the draft amendments to the Law on Personal Income Tax and the Law on Tax Administration.
Good news for businesses: The Ministry of Finance proposes calculating income tax on profit instead of revenue.
The Ministry of Finance plans to report to the Government on a scheme to levy tax on income (revenue - expenses) from all individuals and business households with revenue above the tax-exempt threshold.
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