Dr. Phan Hoai Nam - Perspectives on adjusting the reduction based on family circumstances in the draft law on personal income tax

In an exclusive interview with the Vietnam Financial Times, Dr. Phan Hoài Nam shared the insightful views on adjusting the personal deduction level in the draft personal income tax law . He emphasized that to ensure fairness and effectiveness, this adjustment must be based on macroeconomic data and changes in the living standards of the people.

Dr. Nam clarified several key issues related to adjusting the personal deduction level:

• Protecting the benefits of taxpayers: The adjustment should prioritize supporting middle- and low-income, who are most affected by economic fluctuations.

• Reflecting the actual socio-economic situation: These changes must align with macroeconomic indicators and actual living costs to ensure that the personal deduction level truly meets the needs of the people.

• Ensuring the regulatory role of personal income tax: Any changes should be carefully considered to maintain the important role of PIT in the national tax system, ensuring budget revenue while promoting social equity.

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📖 Read the full article by Dr. Phan Hoai Nam here:

🔗https://thoibaotaichinhvietnam.vn/muc-giam-tru-gia-canh-duoc-tinh-toan-ky-luong-theo-so-lieu-kinh-te-166271-166271.html?gidzl=tS0jSfoW7nhPsIfqdBeU6zdQAd21lnfAb8igTTNe7K_0ZtftqxaT6y7MAII5iHnEnz9x83DsLmHPcQ8V7W

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