Proposal for the Personal Income Tax Law 2025: Major Changes and Impacts

Why is a Major Reform Necessary? Vietnam is entering a phase of economic and social development filled with both challenges and opportunities. In this context, the tax system plays a crucial role in income redistribution, fostering economic growth, and ensuring government revenue. The Personal Income Tax Law 2025 represents a significant step in tax system reform, aiming to enhance fairness, transparency, and alignment with real-world economic conditions. Let’s examine the groundbreaking aspects of the Personal Income Tax Law 2025 proposal …