Ministry of Finance just issued the Circular No. 8817/BTC-TCT guiding some articles of the newly amended Law on Personal Income Tax (PIT). The Circular specifically guided the discount of PIT against non-contract employees and earner of lower VND 3 million a month. Accordingly, the discount of income for tax should be unanimously 10% for both subjects above. Deductible tax against income of VND two million and above which was VND 1mln ruled by Circular No. 113/2011/TT-BTC.Besides, the Circular states the additional case of transferring contracts for houses, land-use right, unique assets on the land, which should be in ownership for more than 183 days to be exempted from taxes upon transferring and not applicable for windowed assets. The mentioned guide should be implemented from and on July 1, 2013 before official Circular of Ministry of Finance.Reported by Thanh Hong – Translated by Vi Bao