Vietnam to Raise Taxable Personal Income Threshold by 22% from July 1, 2020

According to Resolution No. 954/2020/UBTVQH14, starting July 1, 2020, the government will increase the minimum taxable income threshold for personal income tax (PIT) by 22 percent, from US$ 392 (VND 9 million) to US$ 479 (VND 11 million) per month. The threshold will further increase by US$ 192 (VND 4.4 million) for each dependent claimed by an individual. For details,more  please have a look at this document. 

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