Ministry of Finance proposes to increase family deduction to 15.5 million VND

(QNgTV) - The Ministry of Finance proposed to increase the personal income tax family deduction from 11 million VND to a maximum of 15.5 million VND/month, applicable from the 2026 tax period.

Ministry of Finance proposes 2 options to adjust family deduction level

Accordingly, option 1: Adjust the family deduction level according to the CPI growth rate. With this option, the deduction level for the taxpayer increases from 11 million VND/month to about 13.3 million VND/month. The deduction level for each dependent increases from 4.4 million VND/month to 5.3 million VND/month. The Ministry of Finance assesses that this option is in accordance with the current Personal Income Tax Law, ensuring the basic needs of life and the inflation rate from the time of the most recent adjustment (2020).

Option 2: Adjust according to the growth rate of average income per capita and the growth rate of average GDP per capita. Accordingly, the deduction for taxpayers increases from 11 million VND/month to 15.5 million VND/month; the deduction for dependents increases from 4.4 million VND/month to about 6.2 million VND/month.

Thus, in both options proposed by the Ministry of Finance, the family deduction for taxpayers will increase by 2.3-4.5 million VND; and for dependents, it will increase by 900,000-1.8 million VND/person/month compared to the present.

Source: https://quangngaitv.vn/bo-tai-chinh-de-xuat-nang-giam-tru-gia-canh-len-15-5-trieu-dong-6505164.html