Ecovis au Maroc

Secondment Spotlight: From Uruguay to Spain

17.12.2025

Agustin Caiafa, Audit Supervisor from ECOVIS Uruguay in Montevideo, spent six weeks on secondment at the office of ECOVIS Grosclaude & Partners in Madrid, from 1^st October to 12^th 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.

Intellectual Property Infringement China: New Judicial Interpretation

17.12.2025

Setting Up a Company In Australia: A BioPharma Success Story

16.12.2025

E-Invoicing Spain: New regulations for invoicing from 2026

13.12.2025

Enterprise accounting regime Vietnam: Circular No. 99/2025/TT-BTC for businesses

12.12.2025

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.

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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:

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