RESOLUTION 954/2020/UBTVQH14 ABOUT ADJUSTING THE FAMILY CIRCUMSTANCE-BASED REDUCTION OF PERSONAL INCOME TAX
Resolution 954/2020/UBTVQH14 About adjusting the family circumstance-based reduction of personal income tax as follows:
According, the family circumstance-based reduction at Clause 1 Article 19 Personal income tax law 2007 (amended, supplemented in accordance with The amended Personal income tax law 2012) is adjusted as follows:
- The deduction level for the taxpayer is 11 million VND/month (132 million VND dong/year)
- The deduction level for each dependent is 4.4 million VND dong/month.
In case tax payment based on current family circumstance-based reductions are recalculated of personal income tax amounts payable according to family circumstance-based reductions in Resolution 954/2020/UBTVQH14 upon annual finalization of personal income tax 2020.
