Video: Draft law on personal income tax raises tax threshold, adds new income types
The Ministry of Finance has submitted a draft personal income tax law with key changes. The tax threshold for income from prizes, copyrights, business transfers, inheritance, and gifts rise from 10 million to 20 million VND.
With the goal of achieving average annual GRDP growth of 9-11% in the six socio-economic regions, Resolution No. 27-NQ/TW requires rapid development to go hand in hand with ensuring ecological limits, staying within the environment’s carrying capacity, and improving people’s quality of life. Resilience has therefore become an important factor in regional competitiveness.