Increase the personal income tax deduction rate, applicable in 2020

According to Resolution No. 954/2020 / UBTVQH14 dated June 2, 2020 “ON ADJUSTING SCENE DEDUCTIONS OF PERSONAL INCOME TAX

OLDER DISCOUNTNEW DISCOUNT
Taxpayers9.000.000 VND/tháng11.000.000 VND/tháng
Each dependent3.600.000 VND/tháng4.400.000 VND/tháng

This Resolution takes effect from July 1, 2020 and applies from the tax period of 2020.

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