Tax advisors, accountants, auditors, lawyers in Malta
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At Ecovis Malta, we are proud to have made the conscious choice to integrate sustainability within our business model to uphold corporate environmental and social responsibility throughout our business operations. In our continuous efforts to safeguard common resources, we are investing in the same resources for future generations. To this effect, we have invested in energy efficient offices and energy consumption reduction methods, which provide optimal working conditions and comfort for our Ecovis Malta family, staff and clients alike. Learn more about our state-of-the-art Variable Refrigerant Flow-type HVAC, lighting systems, and other ways to reduce energy consumption.
Agustin Caiafa, Audit Supervisor from ECOVIS Uruguay in Montevideo, spent six weeks on secondment at the office of ECOVIS Grosclaude & Partners in Madrid, from 1st October to 12th November.
We asked Agustin to share details of his experience, reflecting on how the secondment supported his professional development and engagement with the global Ecovis network.
Personal Income Tax Deduction in Vietnam: An Increase in 2026
11.12.2025
Vietnam is introducing updated personal income tax deductions to better reflect current living costs and support taxpayers. The experts from ECOVIS AFA Vietnam provide an overview of the key changes and their implications for individuals and families.
The National Assembly has recently approved Resolution No. 110/2025/UBTVQH15 on adjusting the family circumstance-based deduction level of personal income tax. Specifically:
The deduction level for taxpayers has increased to 15.5 million VND per month (186 million VND/year). Under current regulations, individuals without dependents must pay personal income tax if their total income from salary and wages exceeds 11 million VND per month (132 million VND/year).
Additionally, the deduction for each dependent has been increased to 6.2 million VND per month. Under current regulations, individuals with dependents receive a deduction of 4.4 million VND per dependent per month.
Resolution No. 110/2025/UBTVQH15 takes effect from January 1, 2026 and will apply to the 2026 tax period. At the same time, the National Assembly Standing Committee’s Resolution No. 954/2020/UBTVQH14 dated June 2, 2020, on adjusting the family deduction level of personal income tax, will cease to be effective.
With the new deduction rates, individuals can retain a larger portion of their income, especially households with small children or elderly family members to support. This decision has been positively received by the public, who believe the adjustment is timely and aligned with actual living conditions, ensuring that the policy provides fair and reasonable incentives, contributes to improving taxpayers’ living standards, and creates motivation to encourage work and productivity.
The above contents are researched and summarized by ECOVIS AFA Vietnam from widely published legal documents and articles. If you would like to discuss any issues in more in-depth, please contact us via the information below: