Given the evolving economic landscape and changes in living standards, The Ministry of Finance is conducting a comprehensive review and assessment of the Personal Income Tax Law, which includes the consideration of family circumstance deductions.
Companies established during January and February this year, having
revenue of less than VND1 billion (US$47,000), and which have issued
invoices to their clients, may be eligible for tax deduction.
Law No 26/2012/QH13 that took affect from 1 July and its guiding legal
instruments issued in 2013 such as Decree No 65/2013/ND-CP and Circular
No 111/2013/TT-BTC (Circular 111) amend and supplement a number of new
policies on personal income tax in Viet Nam
