The Ministry of Finance is widely seeking opinions on the Draft Decree guiding the Law on Personal Income Tax (PIT).
Previous PIT laws stipulated PIT exemption for 16 income items that are tax-exempt to implement the policies and guidelines of the Party and State in supporting priority sectors and fields, suitable to the characteristics and context of our country such as: income of households and individuals directly engaged in agricultural, forestry, salt production, aquaculture, and fishing that have not been processed into other products or only through ordinary preliminary processing; income from interest on deposits at credit institutions, interest from life insurance contracts; income from remittances; part of the salary for working at night, overtime is paid higher than the salary for working during the day, working during hours as prescribed by law; pensions paid by the Social Insurance Fund; pensions paid monthly by the voluntary pension fund...
The PIT Law No. 109/2025/QH15 recently continued to maintain tax exemption for 16 income items, in addition to adding 5 tax-exempt income items to support, promote and encourage individuals working in priority sectors and fields according to the Party and State's guidelines and orientations.
Closely following the provisions of the PIT Law No. 109/2025/QH15, the draft Decree detailing a number of articles of the Personal Income Tax Law being consulted by the Ministry of Finance has provided detailed guidance on these income items, in accordance with the authority of the Government.
Accordingly, specific regulations on some income items eligible for personal income tax exemption to institutionalize the Party and State's guidelines and policies in Resolution No. 57-NQ/TW dated December 22, 2024 of the Politburo on breakthroughs in science, technology, innovation and national digital transformation; Resolution No. 68-NQ/TW dated May 7, 2025 of the Politburo on private economic development such as: personal income tax exemption for income from salaries and wages from performing science, technology and innovation tasks; tax exemption for 5 years for income from salaries and wages of individuals who are high-quality digital technology industrial workers; tax exemption for 5 years for income from salaries and wages of individuals who are high-tech workers performing research and development activities in high technology or strategic technology...
At the same time, regulations on tax exemption for all nighttime and overtime wages; tax exemption for wages and salaries paid for days without leave as prescribed by law to support and encourage workers;
Regulations on tax exemption for income from share dividends of cooperative members, agricultural cooperative unions, and individuals who are farmers signing contracts with businesses participating in "Big Fields", planting production forests, and aquaculture to attract investment capital and encourage the development of agricultural production in a centralized, modern, and sustainable direction according to the orientations of the Party and the State;
Amend and improve regulations on tax exemption for pensions paid by the Social Insurance Fund; income paid by supplementary pension insurance funds, voluntary pension funds (including monthly and one-time payments) to encourage the development of pension programs.
Vietnam has about 3.55 million people receiving pensions and social insurance allowances
According to a report by Vietnam Social Security, there are currently about 3.55 million people receiving monthly pensions and social insurance allowances. Most recently, in the combined payment of two months of pensions and social insurance allowances in February and March 2026 in the same payment period of February 2026, a total amount of 44,730 billion VND has been paid to beneficiaries, ensuring full, timely, quick, convenient and safe according to regulations.
Flexible payment methods include: Payment at the payment point or payment at home for the elderly, sick, and inability to travel, contributing to ensuring that no one is left out of legitimate social security benefits.
