Continuing the 50th Session, on the morning of October 17, the National Assembly Standing Committee considered and approved the Resolution of the National Assembly Standing Committee on adjusting the family deduction level of personal income tax.

The Government 's report presented by Deputy Minister of Finance Nguyen Duc Chi stated that the adjustment will ensure a reasonable and fair incentive policy, contributing to improving the lives of taxpayers and creating incentives to encourage labor.
At the same time, it stimulates increased household spending, increases social consumption, and contributes to promoting economic growth.
The Government proposed to adjust the family deduction level according to the growth rate of average income per capita and the growth rate of average GDP per capita.
With this adjustment plan, the family deduction for taxpayers increases to 15.5 million/month and dependents to 6.2 million/month, after deducting social insurance, health insurance, and unemployment insurance (an increase of about 40% compared to current).
Specifically, an individual taxpayer (if having no dependents) with an income of 17 million VND/month will not have to pay tax after deducting insurance premiums (the income exceeding 17,285 million VND/month will be subject to tax with a tax rate starting from 5%).
In case an individual taxpayer has 1 dependent with an income of 24 million VND/month, after deducting insurance premiums, he/she still does not have to pay tax (the income exceeding 24.22 million VND/month will be subject to tax with a tax rate starting from 5%).
In case an individual taxpayer has 2 dependents with an income of 31 million VND/month, after deducting insurance premiums, he/she still does not have to pay tax (the income exceeding 31.155 million VND/month will be subject to tax with a tax rate starting from 5%).
Deputy Minister Nguyen Duc Chi said that implementing this plan, the State budget is expected to reduce about 21 trillion VND/year compared to the revenue level and number of taxpayers according to current regulations.
Through the review, the Standing Committee of the Economic and Financial Committee agreed on the need to adjust the personal income tax family deduction level for taxpayers and dependents to suit the socio-economic situation and price fluctuations, contributing to reasonable and fair mobilization of income, creating motivation for taxpayers to accumulate and consume, contributing to promoting economic growth.
Chairman of the Committee Phan Van Mai said that the majority of opinions in the Standing Committee of the Review Committee agreed with the direction of increasing the family deduction level according to the criteria of average income growth rate per capita and average GDP growth rate per capita and basically agreed with the family deduction level proposed by the Government.
However, some opinions said that the proposed family deduction level may be appropriate at the present time, but because it is only calculated based on the growth rate of the indicators in 2025 compared to 2020, it does not meet the reality; therefore, it is recommended that the Government consider to have the necessary space, accordingly, it can consider the option of calculating the increase rate according to the growth rate of income or GDP per capita estimated to be implemented in 2025 or expected in 2026 and the coming years compared to the implementation in 2020.
The Government proposed to apply the above adjustment level for the 2026 tax period. Some opinions at the Standing Committee suggested applying it from 2025.
In an additional report, Deputy Minister Nguyen Duc Chi said that the budget reserve is not much left, while the recent damage from storms and floods was very severe, so it is proposed to apply from 2026.
After discussion, 100% of the members of the National Assembly Standing Committee voted unanimously to pass the Resolution of the National Assembly Standing Committee on adjusting the family deduction level of personal income tax as submitted by the Government, applicable from the 2026 tax period.
When applying the expected level of 15.5 million VND/month for the taxpayer himself and 6.2 million VND/month for each dependent, most of the taxpayers at level 1 will move to non-taxpaying status (about over 95% of taxpayers at level 1), a part of individuals paying taxes at level 2 will move to non-taxpaying status or move down to paying taxes at level 1.
Similarly, individuals in the remaining tax brackets will have their personal income tax payable reduced. Accordingly, the estimated State budget revenue from personal income tax is about VND 84,477 billion, a reduction of about VND 21 trillion/year compared to the current regulated revenue.
Source: https://baolaocai.vn/nang-muc-giam-tru-gia-canh-thue-thu-nhap-ca-nhan-tu-ky-tinh-thue-nam-2026-post884731.html
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