Responding to the press about the adjustment of family deductions, at the regular press conference for the second quarter of 2025 organized by the Ministry of Finance on the afternoon of July 2, Deputy Director of the Tax Policy Department Truong Ba Tuan said that, based on a comprehensive assessment of difficulties, inadequacies and international references, it is expected that the draft Law on Personal Income Tax (replacement) will focus on adjusting 6 major groups of contents.
In particular, perfecting and amending regulations related to determining taxable income and calculating tax for each income to suit trends and contexts.
Review and supplement the exemption from personal income tax for high-tech, green energy, innovation, etc. fields; study and adjust taxable revenue of business households and individuals to suit reality, in the direction of not having strict regulations in the law but the Government having the authority to flexibly adjust appropriately for each stage.
Research and adjust family deduction levels to accurately and promptly reflect changes in people's lives and economic indicators; add deductions related to medical and educational expenses; redesign the progressive tax schedule in the direction of reducing tax rates in the tax schedule, simplifying the tax schedule, and making it easier to apply...
The Government assigned the Ministry of Finance to urgently develop a draft Law on Personal Income Tax (replacement) and report to the Government to submit to the National Assembly at the session next October.
Responding to press questions about upgrading the stock market, Vice Chairman of the State Securities Commission Hoang Van Thu said that the goal is for the Vietnamese stock market to be upgraded this year.
First of all, regarding the completion of the legal framework, the Ministry of Finance issued Circular No. 68/2024/TT-BTC amending and supplementing a number of articles of the circulars regulating securities transactions on the securities trading system; clearing and settlement of securities transactions; operations of securities companies and information disclosure on the stock market.
After implementation, these regulations have been highly appreciated by foreign institutional investors.
Along with that, the Committee coordinated with the State Bank to issue a circular on reducing administrative procedures for foreign investors, especially procedures for opening payment transaction accounts...
Currently, there are still some factors that need to be completed, such as clearer and more specific regulations to avoid misunderstandings about the central clearing model. Central clearing is not only for derivative securities but also for the underlying securities market.
In addition, the foreign ownership ratio in listed enterprises has been adjusted flexibly, clearly reflecting the Government's open spirit.
Along with that, the Ministry of Finance and the State Securities Commission continue to maintain regular dialogue with investment organizations, while closely coordinating with the World Bank to authenticate the information system and support the assessment process of international rating organizations.
With thorough preparation, a proactive approach and effective dialogue, the Commission believes that the stock market has the basis to be upgraded in the September 2025 assessment period.
Adding to the above issue, Deputy Minister of Finance Nguyen Duc Chi said that one of the important factors that rating organizations are interested in is the assessment of foreign investors when participating in the Vietnamese stock market.
Therefore, if there is anything that can be improved to make it easier for foreign investors to participate in the Vietnamese stock market, it needs to continue to be improved.
Source: https://hanoimoi.vn/thi-truong-chung-khoan-co-the-duoc-thang-hang-707820.html
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