Decree No. 28/2012/L-CTN promulgates the Law amending and supplementing certain provisions of the Personal Income Tax Law. This Law was passed by the Thirteenth National Assembly, fourth session on November 22, 2012.
Key points
- The Law amending and supplementing certain provisions of the Personal Income Tax Law has been passed by the National Assembly and promulgated.
🌐 Social impact of this document
- Positive impact: Citizens and businesses will have more specific regulations regarding personal income tax, helping to clarify the tax calculation process.
- Negative impact: It may increase the tax burden for some individuals if the tax rate changes.
❓ Frequently asked questions
When does this Law come into effect?
This Law comes into effect from July 1, 2013, according to Article 9 of the Law.
What should citizens do to comply with the new personal income tax law?
Citizens need to be familiar with the provisions on tax rates, taxable subjects, and methods of calculating taxes under this amended and supplemented Law.
Are there any changes to the personal income tax rate?
The Law does not specify changes to the tax rate, only announcing adjustments and supplements to the current Personal Income Tax Law.
How will businesses be affected?
Businesses need to comply with the new regulations on personal income tax, particularly concerning the calculation and payment of taxes for their employees.
Who is this Law applicable to?
This Law applies to all individuals with income from economic activities both within and outside the country, according to Article 2 of the Law.
Full text
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PRESIDENT OF THE STATE |
SOCIALIST REPUBLIC OF VIET NAM |
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NUMBER: 28/2012/L-CTN |
Hanoi, December 3, 2012 |
ORDER
REGARDING THE ENACTMENT OF THE LAW
CHAIRMAN
SOCIALIST REPUBLIC OF VIET NAM
Pursuant to Article 103 and Article 106 of the Constitution of the Socialist Republic of Vietnam in 1992, amended and supplemented by Resolution No. 51/2001/QH10 dated December 25, 2001 of the Tenth National Assembly, tenth session;
Pursuant to Article 91 of the Law on the Organization of the National Assembly;
Pursuant to Article 57 of the Law on the Issuance of Legal Normative Documents,
NOW PROMULGATE
Law Amending and Supplementing Certain Provisions of the Personal Income Tax Law
Was passed by the Thirteenth National Assembly of the Socialist Republic of Vietnam at its fourth session on November 22, 2012.
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CHAIRMAN Truong Tan Sang |
Original document (PDF)
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