Specific guidance on reduction for dependents

Specific guidance on reduction for dependents

VCN - Hanoi Tax Department has just issued specific instructions on reductions for dependents in the personal income tax finalization period 2021.
About 1 million people won’t have to pay personal income tax

About 1 million people won’t have to pay personal income tax

VCN- After more than half a year of research, review, and consultation, the Ministry of Finance's proposal on raising family circumstance-based reduction upon personal income tax (PIT) calculation submitted to the Government to submit to the National Asse
Raising deduction for family circumstance will reduce difficulties for taxpayers

Raising deduction for family circumstance will reduce difficulties for taxpayers

VCN- Based on calculations made by the General Statistics Office, the CPI at the end of December 2019 compared to July 1, 2013 was 123.2%, up 23.2%. So this proposal is lawful and in line with current socio-economic conditions.
Adjustment of deductions for family circumstance consistent with price fluctuation

Adjustment of deductions for family circumstance consistent with price fluctuation

VCN- On February 28, the Ministry of Finance issued a dispatch for comments on the draft.
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