HANOI, July 1 (Xinhua) -- Vietnam's revised Law on Personal Income Tax took effect on July 1, expanding the scope of taxable income to cover new forms of earnings linked to the digital economy and other modern business activities, local daily VnExpress reported Wednesday.
New taxable income categories include earnings from agency and brokerage services, business cooperation with organizations, e-commerce and digital platform businesses, and other remuneration and benefits received in cash or in kind.
The law also introduces taxes on income from the transfer of greenhouse gas emission reduction results and carbon credits, auctioned vehicle license plate winnings, digital assets and gold bullion, the report said.
The revised law broadens tax exemptions to include wages for night shifts, overtime pay and payments for unused annual leave, benefits paid by supplementary and voluntary pension funds, and income earned by foreign experts working on official development assistance projects, at United Nations agencies or in peacekeeping missions. ■
