Raising the starting point of personal income taxation (10/10)
10/10/2012 - 11 Lượt xem
This
plan was finalized on September 25 and amendments, supplements to the
Law on Personal Income Tax will be submitted to the National Assembly
for approval in the forthcoming session.
At
the early September session of the National Assembly Standing
Committee, the Finance and Budget Committee did not support the plan,
explaining that it did not match the actual socioeconomic condition in
Vietnam, and proposed a starting point of VND7 million and a deduction
level of VND2.8 million.
However,
this proposal was not persuasive to the National Assembly Standing
Committee. At the meeting on September 25, the Government-proposed plan
was re-discussed and received support of the Finance and Budget
Committee. The plan will be submitted to the National Assembly at its
October session.
Before
that, the Ministry of Finance had a meeting with the National
Assembly's Finance and Budget Committee to discuss the budget estimates
for 2013. The country's budgetary situation is predicted to remain
difficult next year with higher expenses on social security./.
Source: VEN
Source: VEN
