Hanoi, Oct. 17 -- The National Assembly (NA) Standing Committee on October 17 adopted a resolution to adjust the personal income tax (PIT) deduction rates, applicable from the 2026 tax period, with final settlement in the first quarter of 2027. In its proposal, the Government mentioned two options. In the first one, with a projected cumulative CPI increase of 21.24% from 2020 to 2025, the deduction for taxpayers will rise from 11 million VND (more than 417 USD) per month to about 13.3 million VND, and from 4.4 million VND to 5.3 million VND per month per dependent. This would reduce state budget revenue by about 12 trillion VND per year. In the second one, adjustment will base on per capita income and GDP growth. These indicators increase...
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