Raising family deductions from 2026 - creating excitement for people

(HTV) - The National Assembly Standing Committee has just passed a Resolution adjusting the personal income tax family deduction level. The increase in the deduction level from 2026 is expected to help people reduce financial burden, stimulate consumption and create momentum for economic development.

After many years of petitioning, the family deduction for taxpayers will increase from 11 million VND to 15.5 million VND/month and for each dependent from 4.4 million VND to 6.2 million VND/month. Although not yet officially applied, this information has created excitement among many people.

Current personal income tax schedule

Ms. Pham Tran Tuong Vy, Binh Tan Ward, Ho Chi Minh City shared: "Previously, with the old deduction level, I only had to pay tax if my income was over 19 million VND. But according to the new regulations, I have to pay tax if it is over 27 million VND. I am very happy because I have more savings for my children and family."

According to calculations, the deduction level has increased by more than 40% compared to the current level. With an income of 17 million VND/month and no dependents, after deducting insurance and family deductions, the employee does not have to pay tax.

Dr. and Lawyer Phan Hoai Nam - General Director of W&A Consulting Firm, believes that it is necessary to simultaneously improve the progressive tax schedule.

He also said: "Currently, the gap between tax brackets is too high, the 35% rate for income over 80 million VND is too high. This threshold should be raised to 100 - 200 million VND to match the income level and attract foreign experts and investors."

Some tax calculation options

According to calculations by the Ministry of Finance , from 2026, more than 2.1 million people will no longer have to pay personal income tax, a reduction of nearly half compared to present, creating more room for consumption and resources for sustainable economic growth.

>>> Please watch HTV News at 8:00 p.m. and 24-hour World Program at 8:30 p.m. every day on HTV9 channel.

Source: https://htv.com.vn/nang-muc-giam-tru-gia-canh-tu-nam-2026-tao-phan-khoi-cho-nguoi-dan-222251022122808689.htm