OFFICIAL DOCUMENT NO. 1296/CT-NVT GUIDING THE SETTLEMENT OF PERSONAL INCOME TAX ON INCOME FROM SALARIES AND WAGES:
The official document summarizes several points as follows:
A. Personal Deduction Amounts and Tax Brackets for Income from Salaries and Wages
1. Personal Deduction Amounts
- For the 2025 tax year, the personal deduction amount is determined according to the regulations in Resolution No. 954/2020/UBTVQH14 dated June 2, 2020, of the Standing Committee of the National Assembly, specifically as follows:
+ The deduction amount for taxpayers is VND 11 million/month (VND 132 million/year);
+ The deduction amount for each dependent is VND 4.4 million/month.
- From the 2026 tax year (January 1, 2026), the personal deduction amount will be adjusted according to Resolution No. 110/2025/UBTVQH15 of the Standing Committee of the National Assembly, replacing the current regulations in Resolution No. 954/2020/UBTVQH14. Accordingly, the new personal allowance deductions are stipulated as follows:
+ The deduction for the taxpayer is VND 15.5 million/month (equivalent to VND 186 million/year).
+ The deduction for each dependent is VND 6.2 million/month.
2. Progressive Tax Rate Schedule
- For the 2025 tax year, according to the Personal Income Tax Law No. 04/2007/QH12, income from salaries and wages of resident individuals is subject to a progressive tax rate schedule consisting of 7 tax brackets.
- For the 2026 tax year, starting from January 1, 2026, according to the Personal Income Tax Law No. 109/2025/QH15, income from salaries and wages of resident individuals is subject to a progressive tax rate schedule consisting of 5 tax brackets.