Add more new taxable income

Accordingly, the Ministry of Finance has proposed to amend and complete regulations on tax calculation methods for business income of resident individuals.

According to the provisions of Article 10 of the current Law on Personal Income Tax, business individuals pay personal income tax at a rate on revenue for each field and industry of production and business.

Sẽ có nhiều khoản thu nhập chịu thuế? — Will there be multiple sources of taxable income?

Revenue is the total amount of sales, processing fees, commissions, and service fees arising during the tax period from production and trading activities of goods and services. In case the business individual cannot determine the revenue, the competent tax authority will determine the revenue according to the provisions of the law on tax administration.

To implement the policy of abolishing the lump-sum tax system from January 1, 2026, the draft Law adds a method for calculating tax on income from business activities of resident individuals with annual revenue exceeding the level stipulated by the Government , determined by multiplying taxable income by a tax rate of 17%. In this method, taxable income is determined by the revenue from goods and services sold minus expenses related to production and business activities during the tax period.

According to the Ministry of Finance, this regulation is equivalent to the regulation on corporate income tax for small and medium-sized enterprises currently stipulated in the Corporate Income Tax Law No. 67/2025/QH15, which applies a tax rate of 17% to enterprises with total annual revenue from over 3 billion VND to no more than 50 billion VND.

For business individuals with annual revenue below the level prescribed by the Government, the method of calculating tax based on the revenue rate as in the current Personal Income Tax Law will still be maintained.

The Ministry of Finance has added regulations on income thresholds to determine taxable income for certain income sources. Accordingly, the current Personal Income Tax Law stipulates that individuals with income from lottery winnings, royalties, commercial transfers, inheritance, and gifts must pay a 10% tax on the portion exceeding 10 million VND. However, after considering feedback, the Ministry of Finance proposes raising this taxable income threshold to 20 million VND to align with adjustments to personal allowances and the revenue threshold for individual business owners.

The draft also adds other taxable income categories, including: transfers of national “.vn” domain names, emission reduction certificates, carbon credits, auctioned car license plates, digital assets, and other types of assets as stipulated by the Government. The applicable tax rate is 5% on the portion of income exceeding 20 million VND per transaction. For digital assets frequently traded on transparent exchanges, a tax rate of 0.1% on the price per transaction will apply.

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Source: https://baolaocai.vn/them-nhieu-khoan-thu-nhap-chiu-thue-moi-post881612.html