Latest personal income tax laws and guidance documents in the US
- Thứ hai - 30/06/2025 07:51
- In ra
- Đóng cửa sổ này
Latest personal income tax laws and guidance documents in the US (1)
Latest personal income tax laws and guidance documents in the US Detailed Information on the Personal Income Tax (PIT) Law
The Personal Income Tax (PIT) Law was finalized on November 21, 2007, by the 12th National Assembly and came into effect on January 1, 2007. It regulates taxable subjects, taxable income, tax-exempt income, tax reductions, and the basis for calculating personal income tax.
1. The Latest Personal Income Tax Law and Key Highlights
Currently, no new legislation has been issued to replace the PIT Law. Therefore, the latest applicable law in 2025 remains the Personal Income Tax Law 2007, along with its amendments. Specifically:
Latest personal income tax laws and guidance documents in the US
The 2007 PIT Law consists of 4 chapters and 35 articles as follows:
-
Chapter I: General Provisions
-
Chapter II: Basis for Tax Calculation and Taxable Income
-
Section 1: Determination of Taxable Income and Income Subject to Tax
-
Section 2: Tax Rates
-
-
Chapter III: Tax Calculation Basis for Non-resident Individuals
-
Chapter IV: Implementation Provisions
Some amendments and supplements to the PIT Law include:
-
Law amending and supplementing certain articles of the PIT Law, No. 26/2012/QH13, effective July 1, 2013
-
Law amending and supplementing certain tax laws, No. 71/2014/QH13, effective January 1, 2015
-
Land Law 2024
-
Value Added Tax Law 2024
-
Laws amending and supplementing various laws related to Securities, Accounting, Independent Auditing, State Budget, Public Asset Management, Tax Administration, Personal Income Tax, National Reserves, and Administrative Violation Handling 2024
-
Resolution 954/2020/UBTVQH14 on adjusting personal income tax deductions for dependents
To meet the demand for electronic personal income tax deduction vouchers, MISA pioneered the development and launch of AMIS Personal Income Tax software, complying with Decree 123/2020/ND-CP and Circular 78/TT-BTC.
Additional Resources:
-
Regulations on deadlines for filing personal income tax
-
Guidelines for individual self-finalization of PIT
-
[New] 16 cases exempt from personal income tax
Latest personal income tax laws and guidance documents in the US
2. Summary of Latest Documents Guiding the Personal Income Tax Law
Below is a summary table of circulars, directives, official letters, and decrees currently guiding the PIT Law for your reference:
| No. | Document Name | Main Content |
|---|---|---|
| CIRCULARS & JOINT CIRCULARS | ||
| 1 | Circular 92/2015/TT-BTC | Guidance on VAT and PIT for resident individuals engaged in business; implementation of amendments to PIT Law and tax regulations in 2014 and Decree 12/2015/ND-CP |
| 2 | Circular 151/2014/TT-BTC | Guidance on Decree 91/2014/ND-CP implementation |
| 3 | Circular 119/2014/TT-BTC | Amendments to Circulars 111/2013, 219/2013, and 78/2014 to simplify tax procedures |
| 4 | Circular 111/2013/TT-BTC | Guidance on the PIT Law and Decree 65/2013/ND-CP |
| 5 | Joint Circular 206/2013/TTLT-BTC-BCA | PIT collection for police officers, civil servants, and staff in the People’s Police |
| 6 | Joint Circular 212/2013/TTLT-BTC-BQP | PIT collection for military officers and personnel under the Ministry of National Defense |
| 7 | Circular 20/2010/TT-BTC | Amendments to PIT administrative procedures |
| DECREE | | |
| 1 | Decree 12/2015/ND-CP | Detailed regulations for implementing amendments to tax laws |
| 2 | Decree 91/2014/ND-CP | Amendments to tax-related decrees |
| 3 | Decree 65/2013/ND-CP | Details on the PIT Law and amendments |
| DIRECTIVE | | |
| 1 | Directive 22/2008/CT-TTg | Implementation guidelines for PIT Law issued by the Prime Minister |
| OFFICIAL LETTERS | | |
| 1 | Official Letter 388/CTHN-TTHT – Hanoi Tax Department | Electronic PIT deduction vouchers effective January 4, 2023 |
| 2 | Official Letter 3469/CTHN-TTHT – Hanoi Tax Department | PIT on gifts and employee bonuses effective January 4, 2023 |
| 3 | Official Letter 4418/CTHN-TTHT – Hanoi Tax Department | PIT declaration and allocation per Circular 80/2021/TT-BTC effective February 1, 2023 |
| … | … | … (and so on for the rest of the official letters) |
Switching from Paper PIT Deduction Vouchers to Electronic PIT Deduction Vouchers
Switch now for free with AMIS Personal Income Tax software.
AMIS PIT software simplifies all personal income tax processes:
-
Annual PIT finalization
-
Monthly/quarterly PIT declaration for arising cases
-
Electronic PIT deduction vouchers
AMIS PIT is seamlessly integrated with AMIS HRM, PMKT, and directly connects to the Vietnamese Tax Authority portal, enabling HR departments to declare, submit, and receive results online instantly!
Free software setup, unlimited voucher issuance.
Latest personal income tax laws and guidance documents in the US
3. From January 1, 2026: Personal Income Tax Obligation for Business Income Over 200 Million VND Per Year
According to the new regulations in Article 17 of the amended VAT Law 2024, supplementing Clause 1, Article 3 of the Personal Income Tax Law No. 04/2007/QH12, business income sources include:
-
Income from production and trading of goods and services;
-
Income from independent professional activities of individuals licensed or certified by law.
Business income from households and individuals with annual revenue under 200 million VND is exempted (per Clause 25, Article 5 of the VAT Law). This provision takes effect from January 1, 2026.
Hence, from January 1, 2026, only households and individuals with production or business revenue exceeding 200 million VND per year will be required to pay personal income tax.
The above summarizes all information related to the pricing of electronic PIT deduction vouchers—MISA AMIS Personal Income Tax software. If your business is interested or would like a free consultation, please register quickly using the form below.
