In accordance with Resolution No. 954/2020/UBTVQH14 dated 2 June 2020, individual taxpayer shall be enjoyed a reduction from her monthly taxable income:
VND 11 million instead of VND 9 million as stipulated in Personal Income Tax 2007 and its amended 2012
VND 4.4 million for a dependent instead of VND 3.6 million as stipulated in the regulations mentioned above
The resolution shall be taken into effect on 1 July 2020, and the new policy shall be retroactively applied from 1 January 2020.
