Shortening processes, improving legislative efficiency
The National Assembly's approval of the Law on Promulgation of Legal Documents in 2025 marks an important step forward in reforming the process of drafting and promulgating legal documents. At the same time, this is also the basis for creating a premise for accelerating the progress of amending the current Personal Income Tax Law (PIT).
In the context of a strong economic transformation, amending the Law on personal income tax is not only a matter of legislative technology but also has strategic significance, directly affecting businesses, people and the entire economy.
Sharing with Lao Dong reporter, financial expert Nguyen Quang Huy - Faculty of Banking and Finance, Nguyen Trai University - said that the Law on Promulgation of Legal Documents in 2025 has streamlined procedures, reduced intermediary steps, helped speed up the development and approval of the Law on personal income tax.
This modern approach not only helps optimize the law-making process, but also increases the responsibility of relevant agencies in ensuring the timeliness, accuracy and practicality of tax policies.
According to Mr. Huy, clearly defining the authority between the National Assembly, the Government and ministries and branches also contributes to speeding up the decision-making process, avoiding delays due to cumbersome administrative procedures.
Another factor that Mr. Huy mentioned is digital transformation, which is the key to shortening the time to collect opinions and feedback, criticize and perfect the draft law.
Instead of spending months to synthesize and process feedback, now, the adjustment and completion of the draft Law on personal income Tax can take place faster and more accurately, but still ensure consistency and practicality - Mr. Nguyen Quang Huy stated.
Adjusting inadequacies without waiting for the Law to be amended
Financial expert Nguyen Quang Huy affirmed that shortening the law issuance process helps promptly adjust tax policies according to changes in the economy and people's living standards.
At the same time, it will enhance fairness and transparency, ensuring that taxpayers enjoy a more reasonable, transparent and fair policy.
In addition, promoting economic growth, when the tax system is optimally designed, it will help reduce tax pressure for people and businesses, creating conditions for sustainable economic development.
Meanwhile, Dr. Nguyen Ngoc Tu - former Director of the General Department of Taxation, former Editor-in-Chief of Tax Magazine - said that the National Assembly's approval of the Law on Promulgation of Legal Documents in 2025 opens up a new direction for law reform.
According to Dr. Nguyen Ngoc Tu, the amendment to the Law on personal income tax this time is a comprehensive amendment, correcting many issues. The current old law has many shortcomings and is outdated, especially the family deduction level.
This expert said that the Law on personal income tax (amended) is expected to be submitted to the National Assembly for comments in October 2025, and approved in May 2026. Thus, after being passed, it will take a long time for the Law to be put into practice.
However, when the Law on Legal Documents is issued, this problem can be solved faster. Seeking opinions and submitting to competent authorities can be accelerated without violating the law.
In particular, according to Mr. Tu, in case the Law is recently amended quickly and effectively, ensuring the interests of taxpayers, the Ministry of Finance can submit to adjust some shortcomings without having to wait for the Law to be amended.
For example, adjusting the family deduction for taxpayers (currently 11 million VND/month, equivalent to 132 million VND/year).
The increase in the family deduction level is to suit the socio-economic development situation, price index in each specific period as well as future development trends, aiming to reduce tax regulation for taxpayers.
