The National Assembly discussed new regulations in the draft Law on Personal Income Tax (amended)

According to the Government 's Submission, the Draft Law on Personal Income Tax (PIT) amended includes 04 Chapters and 29 Articles, regulating taxpayers, taxable income, tax-exempt income, tax reduction, and basis for calculating PIT.

Draft Law amending regulations on family deductions and deductions for charitable and humanitarian contributions.

Minister of Finance Nguyen Van Thang said that on October 17, 2025, the National Assembly Standing Committee passed a Resolution on adjusting the family deduction level of personal income tax.

Accordingly, the deduction for the taxpayer himself/herself will be adjusted from 11 million VND/month to 15.5 million VND/month, the deduction for each dependent will be adjusted from 4.4 million VND/month to 6.2 million VND/month and the new family deduction level will be implemented from the effective date of the Resolution and applied from the 2026 tax period. Accordingly, individuals will be deducted according to the new family deduction level from January 2026.

Draft law regulating the schedule tax Partial progression applies to resident individuals with income from salaries and wages in the direction of reducing the number of tax brackets from 7 to 5 and widening the gap between the brackets.

The plan submitted to the National Assembly is as follows:

Amending the Tax Schedule to 5 levels with the distance between levels increasing gradually to 10, 20, 30, 40 million VND and tax rates of 5%, 15%, 25%, 30%, 35%. The final tax rate 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 adjustment plan will reduce revenue by about 27,400 billion VND/year.

According to this plan, the mobilization tax rates for most tax levels will be reduced compared to the current level. However, based on the opinions of the reviewers, the opinions of the discussion groups and the halls of the National Assembly delegates, the Government will conduct a comprehensive study and make additional and thorough assessments to ensure reasonableness, and report to the National Assembly for consideration.

Minister of Finance Nguyen Van Thang presents the Draft Law on Tax Administration (amended). Photo: Quochoi.vn

In addition, the draft Law also adjusts the income threshold to determine taxable income. tax For some incomes such as income from winning prizes, royalties, franchises, inheritances, gifts from 10 million VND to 20 million VND; Adjust some words and time to determine taxable income to ensure clarity in implementation, execution,...

Source: https://baoquangninh.vn/quoc-hoi-thao-luan-ve-quy-dinh-moi-trong-du-an-luat-thue-thu-nhap-ca-nhan-sua-doi-3383175.html