Proposal to increase personal income tax family deduction: Workers are excited

(Baohatinh.vn) - According to the proposal of the Ministry of Finance, the family deduction for taxpayers is up to 15.5 million VND/month. This is good news for workers in Ha Tinh.

The Ministry of Finance has just announced a draft resolution of the National Assembly Standing Committee on adjusting the personal income tax deduction level, applicable for the 2026 tax period. Accordingly, the Ministry of Finance proposed 2 options for adjusting the deduction level to submit to competent authorities for consideration.

Tax officers from 6 Ha Tinh provinces support people in settling personal income tax.

Option 1, adjusted according to the CPI growth rate. Thus, the deduction for the taxpayer himself will increase from 11 million VND/month to about 13.3 million VND/month. The deduction for dependents will increase from 4.4 million VND to 5.3 million VND/month.

Option 2, adjusted according to the growth rate of per capita income and per capita GDP. Accordingly, the deduction for taxpayers is expected to increase to 15.5 million VND/month, and for dependents to 6.2 million VND/month.

Thus, in both options proposed by the Ministry of Finance, the family deduction for taxpayers will increase by VND2.3-4.5 million/month and for dependents by VND0.9-1.8 million/person/month compared to the current level. The family deduction for taxpayers can be up to VND15.5 million/month. It is expected that the new family deduction will be implemented from the time the resolution takes effect and applied from the 2026 tax period.

This information is attracting special attention from workers in Ha Tinh. After more than a decade of fixed rates, many people expect the new policy to more accurately reflect real income and the increasing cost of living.

Mr. Hong Quan - employee of Bezone Ha Tinh Real Estate Floor is happy because the deduction proposed by the Ministry of Finance helps him reduce his financial burden.

Mr. Tran Hong Quan - employee of Bezone Ha Tinh Real Estate Floor (Thanh Sen Ward) shared: "My monthly income is over 20 million VND so I still have to pay taxes. If the deduction level is increased, I and many other workers will reduce the financial burden, have more motivation to work and stabilize their lives. I am really excited".

Mr. Bui Trung - Manager of the unit specializing in providing wedding decoration and event organization services NG Planner Wedding & Event (Thanh Sen ward) said that the tax deduction level has not kept up with reality. According to current regulations, the deduction level for the taxpayer himself is 11 million VND/month and 4.4 million VND/month for each dependent. This level was last adjusted in 2020.

"For many years, workers' lives have changed a lot, but the deduction level has not changed. Meanwhile, market prices have increased, people's lives have fluctuated after the COVID-19 pandemic and the impact of the global economy. The Ministry of Finance's proposal for this adjustment is something we have been waiting for a long time," said Mr. Bui Trung.

Mr. Bui Trung (right) - Manager of NG Planner Wedding & Event said that the Ministry of Finance's proposed adjustment this time is something that workers have been waiting for a long time.

From the perspective of State management, the leaders of Ha Tinh Tax Department also agreed with the proposal of the Ministry of Finance. Previously, in early 2025, Ha Tinh Tax Department also had a document giving comments on the draft Law on Personal Income Tax to replace the Law on Personal Income Tax No. 04/2007/QH12 dated November 21, 2007 of the National Assembly. Therefore, when receiving information about the proposal of the Ministry of Finance, the Ha Tinh tax sector expressed high consensus.

“In fact, through monitoring from the grassroots level, it shows that the current deduction level is not really suitable for the income and common spending level of the people. Adjusting the deduction level is necessary, not only to help reduce financial pressure on workers, but also to create a positive mentality for people in fulfilling their tax obligations,” said Mr. Truong Quang Long, Head of Taxation of Ha Tinh province.

The personal deduction of 11 million VND/month for taxpayers is currently "outdated" compared to the current escalating market prices.

According to the roadmap, if approved by the National Assembly, the new deduction level will officially apply from 2026. This is expected to be a timely adjustment, demonstrating the State's concern for people's lives, especially in the context of income not increasing in proportion to the cost of living. Workers across the country in general and Ha Tinh in particular are looking forward to this proposal becoming a reality soon - so that each tax contribution becomes easier, more reasonable and fair in the current context.

Source: https://baohatinh.vn/de-xuat-nang-muc-giam-tru-gia-canh-thue-thu-nhap-ca-nhan-nguoi-lao-dong-phan-khoi-post292302.html