Vietnam adopts 22 personal‑income‑tax exemptions effective July 2026

The Vietnamese Government issued Decree No. 253/2026 NĐ‑CP, which will take effect on 1 July 2026. The decree details 22 categories of income that will be exempt from personal‑income‑tax (PIT). Exemptions include income from the transfer, inheritance or gifting of real estate, the sale of a single house or land parcel, land use rights granted by the state, earnings from direct agricultural production, dividends from cooperatives, interest on government and local‑authority bonds, bank deposits, life‑insurance contracts, remittances, night‑shift and overtime wages, pensions, scholarships, insurance compensations, charitable donations, foreign aid, wages of Vietnamese crew members, services linked to offshore fisheries, carbon‑credit and green‑bond transactions, incomes from scientific‑research work, royalties, startup‑investor returns, foreign‑expert ODA projects, and earnings of private‑enterprise owners.

In parallel, the Ministry of Finance issued a circular that raises the income threshold for qualifying a dependent to VND 3 million per month and increases the standard personal‑income‑tax allowance to VND 15.5 million per taxpayer and VND 6.2 million per dependent, effective from 1 July 2026. The circular also introduces a 0.1 % tax on derivatives transactions and other technical provisions. Together, these measures aim to reduce the tax burden on many Vietnamese individuals and support economic and social objectives.