Proposal to increase family deduction to 15.5 million VND/month

The Ministry of Finance proposed to increase the family deduction for taxpayers to 15.5 million VND/month and for dependents to 6.2 million VND/month.

The Ministry of Finance proposed a family deduction for taxpayers of up to 15.5 million VND/month - Photo: QUANG DINH

In the draft resolution of the National Assembly Standing Committee on adjusting the family deduction level, which has just been consulted by the Ministry of Finance, the Ministry of Finance proposed two options to increase the deduction level.

Specifically, option 1 proposed by the Ministry of Finance increases the family deduction for the taxpayer himself to 13.3 million VND/month and for dependents to 5.3 million VND/month, applicable from 2026.

Option 2 is proposed to increase the deduction for the taxpayer himself to 15.5 million VND/month and for dependents to 6.2 million VND/month, applicable from 2026. The Ministry of Finance proposes to prioritize the application of this option.

The Ministry of Finance explained that the reason for the above proposal is that the cumulative consumer price index (CPI) from 2020 to 2025 increased by about 21.24%.

Currently, the family deduction applied to the taxpayer himself is 11 million VND/month, and 4.4 million VND/month for each dependent.

According to the Ministry of Finance, the adjustment of family deduction levels is expected to be applied from the 2026 tax period, after the resolution is passed by the National Assembly.

According to the Ministry of Finance's calculations, this policy will reduce state budget revenue by about 12,000 billion VND under option 1, and 21,000 billion VND under option 2.

However, state budget revenue can be partly offset by increased revenue from other consumption taxes due to increased disposable income of taxpayers.

LE THANH

Source: https://tuoitre.vn/de-xuat-tang-muc-giam-tru-gia-canh-len-15-5-trieu-dong-thang-20250721144305724.htm