Increase the personal income tax exemption to 11 million VND / month. Effective date: July 1st, 2020

Content in-brief:

Article 1. Exemptions

The exemptions specified in Clause 1 Article 19 of the Law on Personal Income Tax No. 04/2007/QH12, amended by Law No. 26/2012/QH13, are changed as follows:

1. Personal exemption: 11 million VND/month (132 million VND/year);

2. Dependent exemption: 4,4 million VND/dependent/month.

Article 2. Implementation clauses

This Resolution comes into force from July 01, 2020 and is applied from the tax period of 2020.

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