Nghị quyết 954/2020/UBTVQH14 về tăng mức giảm trừ gia cảnh

RESOLUTION

On adjusting the reduction based on family circumstances for personal income tax

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THE NATIONAL ASSEMBLY STANDING COMMITTEE

Pursuant to the Constitution of the Socialist Republic of Vietnam;

Pursuant to the Law on Organization of the National Assembly No. 57/2014/QH13;

Pursuant to the Law on Personal Income Tax No. 04/2007/QH12 which was amended and supplemented under the Law No. 26/2012/QH13;

Pursuant to the Government’s Document No. 188/TTr-CP dated May 07, 2020 and the Appraisal Report No. 1976/BC-UBTCNS14 dated May 15, 2020 of the Budget and Finance Committee on the draft Resolution of the National Assembly Standing Committee on adjusting the reduction based on family circumstances for personal income tax,

RESOLVES:

Article 1. The level of reduction based on family circumstances

To adjust the level of reduction based on family circumstances as prescribed in Clause 1, Article 19 of the Law on Personal Income Tax No. 04/2007/QH12 which was amended and supplemented under the Law No. 26/2012/QH13 as follows:

1. Reduction for the taxpayer, which is VND 11 million/month (VND 132 million/year);

2.  Reduction for each dependent of the taxpayer, which is VND 4.4 million/month.

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