VOV.VN - The Ministry of Finance (MoF) is drafting a new Personal Income Tax Law, which includes a proposal to increase family tax deductions, for submission to the National Assembly in its year-end session.

VOV.VN - The current personal income tax deductions and progressive tax brackets are increasingly outdated amid rising living costs, increasing minimum wages, and fluctuating real incomes, all of which requires tax policy reforms to ensure fairness and encourage labour participation.

A dialogue was held in Ho Chi Minh City on March 6 to help enterprises using foreign employees deal with difficulties and obstacles.

The economic slowdown in Vietnam has led to a significant decline in personal income tax revenue.

Vietnam will adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment.

E-commerce platforms must be electronically connected with tax management agencies from the beginning of next year, not from next month, as the tax watchdog aims to better collect taxes from sellers operating on the platforms.

E-commerce platforms must be electronically connected with tax management agencies from the beginning of next year, not from next month, as the tax watchdog aims to better collect taxes from sellers operating on the platforms.

Nearly VND246.449 trillion (over US$10.7 billion) in taxes was collected for the State budget in the first two months of 2021, equivalent to 22.1% of the estimate, according to the General Department of Taxation.

The Ministry of Finance has announced it may further extend tax payment deferrals to support companies suffering from the COVID-19 pandemic this year.

More and more Vietnamese individuals with businesses online have declared tax and paid personal income tax.