This amendment aims to expand the tax base, ensure fairness between workers and people with income from investment, assets, and digital business, while fully institutionalizing the Party's policy on reforming the tax system.
This draft significantly expands the scope of taxable income. In addition to traditional sources of income such as wages, business or capital investment, the draft adds new income such as: Transferring the domain name ".vn", digital asset transactions, transferring gold bars, transferring carbon credits, license plates of auctioned cars...
Sharing with Lao Dong reporter, economic expert Associate Professor, Dr. Dinh Trong Thinh said that this is a reasonable direction, in line with international practices and accurately reflecting economic development practices.
When many people can earn income from non-traditional activities, the tax law must keep up to ensure fairness between salary workers and those with income from investment or transfer of assets, said Associate Professor Dinh Trong Thinh.
Another content that many people are interested in is the family deduction level. Delegate Do Ngoc Thinh - Member of the National Assembly's Law and Justice Committee - said that regarding family deduction, this is a very practical issue, directly affecting workers. The delegate agreed with raising the deduction to commensurate with the basic salary or GDP per capita, and clearly stipulated the principle of periodic adjustment, avoiding having to issue a separate Resolution for each adjustment.
Recently, the National Assembly Standing Committee passed a Resolution on adjusting the family deduction of personal income tax. Delegate Tran Van Lam (Bac Ninh National Assembly Delegation) - Member of the National Assembly's Delegation Work Committee said that the family deduction level submitted by the Ministry of Finance and the National Assembly Standing Committee for comments is currently a reasonable and progressive plan. That shows the proactiveness and flexibility in the policy management process, demonstrating a "first step" preparation step to comply with the orientation of comprehensive amendments to the Law on personal income tax.
This delegate said that the National Assembly and the National Assembly Standing Committee's coordination to review the new family deduction level is a synchronous step, demonstrating the unity and consistency in the functions and authority of legislative bodies to ensure tax policies are consistent with the reality of life and the current socio-economic context.
