6 amendments, 3 additions
On the afternoon of July 31, Deputy Prime Minister Ho Duc Phoc chaired a meeting with ministries, branches, associations, securities and real estate enterprises on the draft Law on Personal Income Tax (replacement).
The Ministry of Finance said that the draft Law on Personal Income Tax (replacement) is expected to amend and supplement 30/35 articles (accounting for 86%) of the current Law on Personal Income Tax.
Accordingly, this agency proposed 6 contents for amendment and completion; 3 additional contents in the draft law.
First , perfect regulations related to personal income taxable income and tax calculation for each type of taxable income.
Second , complete the personal income tax exemptions to ensure they are consistent with reality and transparent in implementation.
Third , perfect the regulations on calculating personal income tax for business individuals; review the taxable revenue for the income of business households and individuals to suit the practical situation; adjust the tax rates for some income from the provision of software products and services; digital information content products and services.
Fourth, amend and supplement regulations related to deduction levels when calculating personal income tax.
Fifth , adjust and reduce the number of tax brackets of the Progressive Tax Schedule applicable to resident individuals with income from salaries and wages.
Sixth , review, amend and supplement regulations on tax calculation period, tax deduction, time of determining taxable income; amend and supplement regulations on responsibilities of organizations and individuals paying income and responsibilities of taxpayers.
The draft Law on Personal Income Tax (replacement) also proposes to add 3 contents: regulations on other income groups subject to personal income tax; some regulations on tax exemption, reduction of personal income tax and other specific deductions.
Need to study and evaluate the impact very carefully
Representatives of associations, corporations and enterprises have commented on issues related to calculating personal income tax from real estate and securities such as: Time to calculate personal income tax on income from dividends in cash and shares; tax calculation on securities transactions, bonus shares, transfer of listed securities; tax calculation method; personal income tax on investment activities through investment funds...
In addition, representatives of associations and enterprises also gave comments on how to calculate personal income tax related to capital contribution in real estate; tax rates and roadmap for calculating personal income tax related to real estate transfer; tax solutions to keep real estate prices at a reasonable level, consistent with reality...
At the same time, associations and businesses also gave comments on adjusting the family deduction level to suit the living standards of the majority of people, the reality of the country and each province.
In his concluding remarks, Deputy Prime Minister Ho Duc Phoc emphasized that the Personal Income Tax Law involves many people and has a profound impact on people's lives and business and production activities of enterprises, so it needs to be carefully studied and assessed for its impact when designing and proposing new regulations and policies.
The Deputy Prime Minister requested the Ministry of Finance to study and absorb reasonable comments, especially those related to real estate transfer tax; stocks, dividends, bonus shares; family deductions... to design truly suitable regulations, develop a draft of the Personal Income Tax Law (replacement) with the highest quality, submit it to competent authorities for consideration and decision, and ensure feasibility after promulgation.
Source: https://vietnamnet.vn/pho-thu-tuong-can-nghien-cuu-ky-tac-dong-khi-sua-luat-thue-thu-nhap-ca-nhan-2427515.html
Comment (0)