Personal income tax family deduction to be reviewed in October 2025
The Ministry of Finance is proposing a comprehensive amendment to the Personal Income Tax Law, covering seven key areas including taxable income, tax-exempt income, family deduction, tax brackets, and tax rates. The draft law is expected to be presented for discussion at the National Assembly session in October 2025 and is slated for approval in May 2026.
The family deduction threshold for personal income tax in Vietnam may be adjusted during the October 2025 National Assembly session if the Consumer Price Index (CPI) increases significantly. However, concerns have been raised about the lengthy wait for these changes. The current family deduction threshold is putting financial pressure on taxpayers, especially in today’s challenging economic environment.
Binh Minh
