Personal income tax revenue this year is estimated at VND 203,200 billion, down VND 33,800 billion (14.3%) from the estimate and 13.6% from last year. The Ministry of Finance attributes this to a higher family deduction, the cut in progressive tax brackets from 7 to 5 under the amended law effective January 1, 2026, and the shift from monthly to quarterly filing. Environmental protection tax is also expected to fall short by about VND 26,200 billion, nearly 60% of the estimate, mainly because gasoline, diesel and jet fuel taxes were cut to zero from late March to stabilize domestic fuel prices. Total budget revenue is still estimated at nearly 3.06 million billion VND, about 21% above target, helped by land-use fees of about VND 640,300 billion. The government projects 2027 budget revenue of about 3.33 million billion VND, up more than 9%, a plan still under review by the National Assembly.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Dự kiến giảm thu gần 34.000 tỷ đồng thuế thu nhập cá nhân năm nay
Read the original on VnExpress ↗
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