The price index increased, the level of family circumstances still stand still
The Ministry of Finance is reviewing and comprehensively evaluating the Law on Personal Income Tax, including the level of family circumstances, to report to the Government, the Standing Committee of the National Assembly and the National Assembly to consider amending and supplementing.
Earlier, many provinces and ministries and ministries proposed to raise family circumstances. Many people think that the current deduction is no longer suitable for reality, it is necessary to raise it to about 16-18 million VND/month to ensure fairness for taxpayers in the context of increasing living expenses.
According to current regulations, the level of family circumstances for taxpayers is 11 million VND/month and 4.4 million VND/month for each dependent. This level was adjusted in 2020, after being kept in 2013.
In the context of increasing living expenses, many localities believe that the current level of family circumstances is no longer appropriate. According to the General Statistics Office, Vietnam's consumer price index (CPI) maintains an average increase of 3.5 - 4% per year, making the actual value of family circumstances increasingly impaired. reduce. If calculated from the latest adjustment in 2020, the average price has increased by about 10-15%, while the family circumstances remain remain.
According to the current regulations in the Law on Personal Income Tax amended in 2012, if the CPI increased by more than 20% compared to the time when the law takes effect or the nearest adjustment, the Government will submit to the Standing Committee of the National Assembly for consideration Adjust the family circumstances to suit the price fluctuations. However, many people think that this regulation is still rigid and does not promptly reflect socio -economic fluctuations.
Many ministries, branches and localities propose to increase the reduction of family circumstances to a minimum of VND 16 million/month for taxpayers and 5 - 8 million VND/month for each dependency, in accordance with the standard of living and Current living expenses.
Accordingly, the Ministry of Defense proposes to raise the deduction to 17.3 million VND/month for taxpayers and 6.9 million VND/month for dependents. Ha Tinh province proposes a higher level, with 18 million VND/month for taxpayers and 8 million VND/month for each dependent. Son La province proposes to apply VND 16 million/month to taxpayers and 5 million VND/month for dependents.
Many people and experts agree
On the side of the people, many people expressed their agreement with raising the level of family circumstances. Ms. Nguyen Thanh Mai (Hoang Mai District, Hanoi), an office worker, shared: "My salary is about 15 million VND/month but the cost of living has been almost all. Because, I still have to pay taxes, while the reality is not abundant.
Meanwhile, Mr. Le Trung Kien (Hai Ba Trung, Hanoi) said that it is necessary to consider regional factors when adjusting: "The cost of living in Hanoi is much more expensive than the provinces. A common family circumstances are not really fair.
Agree this proposal, PhD. Dinh The Hien - an economist shared: "This is a very welcome proposal, people have been looking forward to this for a long time. If it is done, it is too reasonable."
The analyst: “The level of family circumstances is based on the minimum living standard so that it is not subject to personal income tax. The adjustment of this level must be carefully researched and calculated. But obviously, if considered from the perspective of inflation, each year the average increase is from 3.5 - 4%. Thus, the level of family circumstances must also increase corresponding to the basic inflation level of Vietnam to ensure the actual value is not impaired. ”
PhD. Dinh The Hien also pointed out that the slow adjustment of family circumstances causes workers to suffer. “From the issuance to adjustment, the time usually lasts. Before amendment, it is necessary to research and submit to the National Assembly for approval, so there should be a certain distance. Therefore, taxpayers - especially workers - are always disadvantaged due to the loss of money. This shows that family circumstances should be adjusted promptly to suit the price index, ensuring fairness for taxpayers ” - the expert emphasized.
