{
  "id": 2738380,
  "title": "National Assembly deputies back tax cuts, call for fairer thresholds",
  "url": "https://urgent.news/2026/08/23/national-assembly-deputies-back-tax-cuts-call-for-fairer-thresholds",
  "topic": "world",
  "section": "World",
  "published": "2026-08-23T06:45:28.000Z",
  "source": {
    "name": "SGGP English Edition",
    "slug": "sggp-english-edition",
    "url": "https://en.sggp.org.vn/national-assembly-deputies-back-tax-cuts-call-for-fairer-thresholds-post129127.html"
  },
  "original_language": "en",
  "account": "On August 22, National Assembly deputies voted in favor of a draft resolution to decrease personal and corporate income taxes. However, they cautioned against loopholes and sudden rate escalations. Deputy Nguyen Duy Thanh from Ca Mau pointed out that while revenue determines eligibility, the actual benefit hinges on taxable income and tax liability. This could lead to paradoxes where businesses with high financial hardship and slim profit margins receive less support than those with losses, which aren't taxed at all. Thanh proposed a phased reduction in tax benefits for revenues slightly above the current VND10 billion threshold. Thach Phuoc Binh from Vinh Long echoed this concern, arguing against an abrupt tax rate increase at the VND10 billion mark, which could deter business growth. He urged a more gradual transition in incentives or an alternative method to prevent businesses from losing benefits abruptly when surpassing the threshold. The draft also seeks to clarify the economic and fiscal reasoning behind the VND10 billion threshold and the 30 percent reduction rate. Minister Ngo Van Tuan explained that a revenue of VND10 billion translates to about VND833 million monthly, leading to a tax liability of roughly VND15 million–VND17 million, representing a 30 percent reduction that amounts to VND4 million–over VND5 million. This sum is roughly equivalent to the regional minimum wage in Region I. The Ministry plans to raise the revenue threshold for simplified tax calculation, moving it from VND3 billion to VND10 billion. They also plan to explicitly exclude subsidiaries and affiliated companies in the draft Government Decree to prevent abuse of these tax incentives.",
  "summary": "During the August 22 plenary session, National Assembly deputies endorsed a draft resolution reducing personal and corporate income taxes but warned against loopholes and abrupt rate hikes.",
  "key_points": [
    "National Assembly deputies vote for tax cuts on August 22",
    "Concerns raised about loopholes and abrupt rate escalations",
    "Proposed phased reduction for revenues above VND10 billion threshold"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nation Africa",
        "title": "Kenya National Union of Nurses maintains it will not call off members’ strike",
        "url": "https://urgent.news/2026/08/23/kenya-national-union-of-nurses-maintains-it-will-not-call-off-members",
        "published": "2026-08-23T03:49:53.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}