Continuing the 10th session, on the morning of November 19, the National Assembly listened to the Minister of Foreign Affairs , authorized by the Prime Minister, present the Report on the draft Resolution of the National Assembly on a number of specific mechanisms and policies to improve the effectiveness of international integration work.
The Chairman of the National Assembly 's Committee on National Defense, Security and Foreign Affairs presented the Verification Report on the draft Resolution of the National Assembly on a number of specific mechanisms and policies to improve the effectiveness of international integration work.
Then, the delegates discussed in groups about:
+ Draft Resolution of the National Assembly stipulates a number of mechanisms and policies to remove difficulties and obstacles in organizing the implementation of the Land Law.
+ Draft Resolution of the National Assembly on a number of specific mechanisms and policies to improve the effectiveness of international integration work.
+ On investment policy of Gia Binh International Airport construction investment project.
In the afternoon, the National Assembly discussed in the hall about:
+ Draft Law on Tax Administration (amended).
+ Draft Law on Personal Income Tax (amended).
The Minister of Finance explained and clarified a number of issues raised by National Assembly deputies.
Reduce the number of tax brackets from 7 to 5
Previously, on November 4, the National Assembly listened to the Government's Submission and the Economic and Financial Committee's Verification Report on the draft Law on Personal Income Tax (amended).
Regarding the revised and completed contents, according to Minister of Finance Nguyen Van Thang, the draft Law amends and completes the regulations on tax calculation and taxable income for each type of income, restructures and adjusts the names of some articles to correspond to the revised contents. At the same time, amends and completes the regulations on tax exemption for income paid by voluntary pension funds and supplementary pension insurance funds; income of individuals working at some specific international organizations; income of individuals who are owners of private enterprises and owners of single-member LLCs; salaries and wages paid for days not taken off.
Minister of Finance Nguyen Van Thang presented the Government's Proposal
Regarding the method of calculating tax on business income of resident individuals: To implement the policy of abolishing the lump-sum tax form according to Resolution No. 68-NQ/TW dated May 4, 2025 of the Politburo from January 1, 2026, encouraging business individuals to establish and convert into enterprises and ensure consistency with the provisions of the Law on Corporate Income Tax No. 67/2025/QH15, the draft Law supplements the method of calculating tax on income on business income of resident individuals as follows: "Tax for business individuals with annual revenue of over VND 3 billion to VND 50 billion is determined by taxable income multiplied by the tax rate of 17%; for business individuals with annual revenue of over VND 50 billion, the tax rate of 20% is applied. Taxable income is determined by revenue from goods and services sold minus (-) expenses related to production and business activities in the calculation period. tax
Adjusting the tax rate for some income from activities of providing digital information content products and services on entertainment, electronic games, digital movies, digital photos, digital music, and digital advertising from 2% to 5%.
In addition, the draft Law also amends the provisions on family deductions and deductions for charitable and humanitarian contributions. The Minister of Finance said that on October 17, 2025, the Standing Committee of the National Assembly passed a Resolution of the Standing Committee of the National Assembly on adjusting the family deduction level of personal income tax. Accordingly, the deduction level for the taxpayer himself/herself will be adjusted from VND 11 million/month to VND 15.5 million/month, the deduction level for each dependent will be adjusted from VND 4.4 million/month to VND 6.2 million/month and the new GTGC level will be implemented from the date the Resolution takes effect and applied from the 2026 tax period, accordingly, individuals will be deducted according to the new family deduction level from January 2026.
Adjust the progressive tax schedule applicable to resident individuals with income from salaries and wages by reducing the number of tax brackets from 7 to 5 and widening the gap between the brackets.
According to the Minister of Finance, During the process of drafting the Law, in the documents sent to collect comments from Ministries, branches, localities, National Assembly Delegations and related organizations and individuals, the drafting agency plans 02 options on the Tax Schedule:
- Option 1: Amend the Tax Schedule to 5 levels with the distance between levels being 10, 20, 20, 30 million VND respectively, 5 levels corresponding to tax rates of 5%, 15%, 25%, 30%, 35% and the final tax rate is 35% applied to taxable income over 80 million VND/month.
According to calculations, along with the adjustment of the new family deduction level, this Tax Schedule adjustment plan will reduce revenue by about 26,400 billion VND/year.
- Option 2: Amend the Tax Schedule to 5 levels with the distance between levels increasing gradually to 10, 20, 30, 40 million VND and the tax rates are similar to Option 1: 5%, 15%, 25%, 30%, 35%, the last tax rate level is 35% applied to taxable income over 100 million VND/month.
According to calculations, along with the adjustment of the new family deduction level, this Tax Schedule adjustment plan will reduce revenue by about 27,400 billion VND/year.
“After synthesizing the comments, the majority of opinions agreed with Option 2 and the Government submitted to the National Assembly according to Option 2 above. According to this Option, the majority of tax rates will be reduced compared to the current level. However, based on the review opinions, the discussion opinions in the Group and the Hall of the National Assembly Deputies, the Government will conduct a comprehensive study and make additional and thorough assessments to ensure reasonableness, and report to the National Assembly for consideration,” added Minister of Finance Nguyen Van Thang.
Source: https://vtv.vn/ngay-19-11-quoc-hoi-thao-luan-ve-du-an-luat-thue-thu-nhap-ca-nhan-sua-doi-100251118234609003.htm
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