Ms. T.D in Ho Chi Minh City said that she previously paid personal income tax and registered for family deductions at her workplace.

However, from mid-2019 until now, Ms. D. quit her job and became a freelancer to conveniently take care of her parents (born in 1931 and 1936).

“I am not married and live with my parents. My current income from self-employment is 13-15 million VND/month, which is not considered for family deduction. I request the authorities to consider adding family deduction for people with income from self-employment,” Ms. D. suggested.

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A self-employed individual with an income of 13-15 million VND/month wants to request the authorities to consider adding a family deduction. Photo: NL

Responding to the above proposal, Ho Chi Minh City Tax Department 17 said that, based on Circular No. 40/2021 of the Ministry of Finance , business households and business individuals with revenue from production and business activities in the calendar year of 100 million VND or less are not required to pay value added tax and personal income tax according to regulations.

Business households and business individuals are responsible for declaring taxes accurately, honestly, and completely and submitting tax records on time, and are responsible before the law for the accuracy, honesty, and completeness of tax records.

The basis for calculating tax for business households and business individuals is taxable revenue and tax rate calculated on revenue.

Based on the above regulations, Ho Chi Minh City Tax Department 17 said that according to current regulations, there is no family deduction when calculating tax for business households and business individuals. The tax authority replied to let Ms. D. know to comply with the regulations in the cited legal documents.

Vietnam's mining industry 'bears' higher taxes and fees than the US and Australia, businesses are worried . Mining enterprises are currently subject to 9 types of taxes. According to tax experts, Vietnam's mining industry is shouldering a total tax and fee obligation of about 25% of revenue, much higher than the average of 5-10% in Australia, the US or Malaysia.

Source: https://vietnamnet.vn/ho-kinh-doanh-ca-nhan-kinh-doanh-co-duoc-giam-tru-gia-canh-2454498.html