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Anticipated 90% Tax Exemption for Businesses: Lingering Concerns Remain
The proposed tax threshold for business households, set at 500 million VND, is five times higher than the current level but still falls short of alleviating concerns among small business owners. Experts suggest considering actual net profit margins by industry, advocating for a lighter approach for low-margin sectors and a firmer stance on high-profit businesses.
Personal Income Tax: Government Aims to Retain Top Bracket at 35%
Under the latest proposal, income exceeding 100 million VND per month, after deductions for dependents, will be subject to the highest tax rate of 35%. The government argues that reducing this rate from 35% to 30% would be perceived as a policy of ‘tax cuts for the wealthy.’
Vietnam Officially Sets a Record of Over 21 Quadrillion Dong
Vietnam's import-export turnover has surpassed the $800 billion mark, reaching an all-time high and marking a significant milestone in the country's trade history.
