The National Assembly Standing Committee decided to increase the family deduction for taxpayers to 15.5 million VND and dependents to 6.2 million VND, applicable from the 2026 tax period.
This is the new and very good favour from government.
On the morning of October 17, the National Assembly Standing Committee approved the adjustment of the personal income tax family deduction level. This is the first time the family deduction has been adjusted, after maintaining the level of 11 million VND for taxpayers and 4 million for dependents since July 2020.
Accordingly, the family deduction for taxpayers increases to 15.5 million and dependents to 6.2 million. Individuals are deducted from insurance, family deductions, allowances, subsidies… the remaining amount is personal taxable income.
These levels increase by about 40% compared to the current level and are calculated according to the growth rate of average income per capita and average GDP growth rate per capita, according to Deputy Minister of Finance Nguyen Duc Chi – the person authorized by the Government to present the report.
