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family deduction
Updated news regarding family deductions
'The 11 million family deduction is outdated'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and experts say that the Ministry of Finance's family deduction of 11 million VND is too low, even "insensitive and outdated" with current life.
Economy
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 11 million and be deducted up to 4.4 million VND for 1 dependent.
Tax industry proposes to increase family deduction level
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
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.
The government proposes new family deduction levels.
Increase the family deduction for the taxpayer himself to 9 million VND/month; each dependent 3.6 million VND/month. On the morning of October 26,...
The government proposes new family deduction levels.
Increase the family deduction for the taxpayer himself to 9 million VND/month; each dependent 3.6 million VND/month.
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