Topic: personal income tax

As Vietnam grapples with outdated tax laws, calls intensify for swift adjustments to ease the burden on taxpayers and reflect today's economic realities.

Figure exceeds annual target by 38 per cent.

The Ministry of Finance has said that of the five revenue sources that exceeded estimates in the first nine months, the collection of house and land taxes did so by 18.4 per cent and the collection of personal income taxes by 8.8 per cent. However, many analysts believe that budget revenue from land is still quite low compared to many other countries.