The revenue from personal income tax (PIT) witnessed a minus growth rate in the first three months of the year for the first time in the last 10 years. However, PIT collections still account for a large proportion of the total state budget revenue.

It is urgent for Vietnam to amend the regulations on personal income tax (PIT), which have proven to be outdated and weighing on people, especially those struggling to make ends meet in major cities.

The amendments to the PIT law would be studied and considered carefully to ensure the consistency with the tax system reform strategy to 2030, appropriateness to the socio-economic context, income and living standards of the people.

While analysts and workers hope the personal income law (PIT) will be amended as soon as possible, the Ministry of Justice (MOJ) says it plans to amend the law in 2026.

The government is considering amending the personal income tax (PIT) law while preparing a program on laws and ordinances in 2025.

The Law on Personal Income Tax aims to create fairness in all incomes of society.

E-commerce platforms must be electronically connected with tax management agencies from the beginning of next year, not from next month, as the tax watchdog aims to better collect taxes from sellers operating on the platforms.

More and more Vietnamese individuals with businesses online have declared tax and paid personal income tax.

To create a level playing field and help Vietnamese develop games reach the world market, it is necessary to have more reasonable policies, experts say.

The Cau Giay district taxation agency in Hanoi has reported that a 28-year old woman earned revenue of VND330 billion, or $14 million, in 2020 and paid personal income tax of VND23.4 billion.

A 28-year-old girl from Hanoi last year paid VND23.4 billion (over US$1 million) in income taxes from her app development job, according to the Hanoi Tax Department.

The Ministry of Planning and Investment has asked for corporate income tax (CIT) to be cut for small and medium-sized enterprises (SMEs) by half this year in an effort to boost growth when the COVID-19 pandemic eases.

The Ministry of Finance has submitted to the Government a five-month extension of value-added tax (VAT), personal income tax and land rent fee payments for those affected by the COVID-19 epidemic.

A higher disposable income as a result from the adjustment would boost household spending and economic growth, said the Ministry of Finance.

Taxation agencies struggle to find individuals who have income from YouTube and Facebook, but have had some recent success.

The tax rate that Vietnam levies on YouTubers is 7 percent, much lower than other countries.

The Ministry of Finance (MOF) says that personal income tax (PIT) rates have become out of date after six years of application and need amendment.

Vietnam is one of the most attractive destinations for foreign workers because of the high post-tax income and low expenses for accommodations and meals.

More than 100 hospitality and entertainment projects on Phu Quoc Island with the combined pledged capital of around $6 billion have been licenced, but few have been carried out due to underdeveloped infrastructure and the high cost of labour.