Proposal from July 1, 2026, income over 28.63 million VND/month is required to pay PIT
The Ministry of Finance proposes that from July 1, 2026, individuals with income above 28.63 million VND/month will begin to pay personal income tax at a tax rate of 5%. The draft allows an additional deduction of up to 47 million VND/year for medical and educational expenses if there are valid invoices and documents.
According to the draft, taxpayers are entitled to a maximum deduction of 23 million VND/year for medical examination and treatment costs and 24 million VND/year for education and training costs of themselves and dependents. Along with family circumstance deductions and compulsory insurance premiums, the total deduction amount may be up to 307.4 million VND/year for people with 1 dependent.
The Ministry of Finance said that the new policy helps significantly reduce tax obligations for people, while ensuring humanity and suitability for actual spending. The decree is expected to take effect from July 1, 2026, with regulations related to income from salaries and wages applying from the tax period of 2026. See more...
People initially assess E10 bio-gasoline
Temporarily detaining a series of fashion products labeled Gucci, Dior suspected of being counterfeit in Hanoi
Hanoi Market Management Force coordinated with Quoc Oai Commune Police to inspect Thu Nam business household in Quoc Oai commune, discovering 1,794 fashion products showing signs of counterfeiting many famous brands such as Louis Vuitton, Gucci, Dior, Nike, Adidas, Burberry... The total value of the shipment is about 384.79 million VND.
All of the suspected counterfeit goods, including clothes, sandals and many other fashion products, have been temporarily seized to serve the verification and clarification work. The case file is being completed to be transferred to the investigating agency for handling according to legal regulations. See more...
