Reduce personal income tax

Income over 100 million VND/month still applies a tax rate of 35%. Photo: Hai Nguyen

Explanation of the Ministry of Finance on income over 100 million VND/month subject to a tax rate of 35%

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The latest draft of the Law on Personal Income Tax (amended) maintains the highest tax rate of 35% for taxable income over 100 million VND/month.

Allocate and declare personal income tax according to Circular 80/2021/TT-BTC. Photo: Hai Nguyen

Instructions for tax allocation, tax declaration and personal income tax payment in 2025

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Circular 80/2021/TT-BTC stipulates how to allocate, declare and pay personal income tax from wages and calculation lottery prizes.

According to regulations, deductions are deductions from taxable income of individuals before determining taxable income from wages and wages. Photo: Hai Nguyen

Reductions except for personal income tax in 2025

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These are items deducted from taxable income of individuals residing before determining taxable income from salaries and wages.

It is necessary to promptly adjust family deductions to support workers. Photo: Hai Nguyen

Reducing police deductions requires close inspection, applied early to reduce pressure on workers

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The cost of living in large urban areas has increased faster than income, while the family deduction has not kept up, causing many workers to face increasing pressure.

Experts propose adjusting tax rates to maintain labor motivation. Photo: Hai Nguyen

Proposal to apply the highest tax rate of 25% for income over 150 million VND

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The Ministry of Finance proposed to reduce the progressive tax rate to 5 levels, but still maintain the highest tax rate of 35%. Experts say it is not suitable for practice.

To be granted an extension of personal income tax payment, taxpayers must directly declare and pay taxes to the tax authority that is eligible for an extension and send a request for an extension of tax payment. Illustrative photo: Hai Nguyen

Procedures for extending personal income tax payment in 2025

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A reader with email maingoxxx@gmail.com asked: What are the procedures for extending personal income tax payment in 2025?

The inheritor is a company's share of parents who are subject to personal income tax. Photo: Nam Duong

Inheriting shares of companies subject to personal income tax

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A reader with email havangxxx@gmail.com asked: Do inheritors of company shares from parents have to pay personal income tax?

Salary subject to personal income tax in 2025. Photo: Thanh Binh.

Salary subject to personal income tax in 2025

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Individuals with income from salaries, wages and other income will have to pay personal income tax at different levels.