Resolution No. 43/2026/QH16 dated August 24, 2026 of the National Assembly on reduction of personal income tax and corporate income tax for individuals and enterprises:

by KMC Consulting Company Limited

  • A 30% reduction in the personal income tax payable for the 2026 and 2027 tax periods on income from business activities of resident individuals whose annual revenue in 2026 and 2027 does not exceed VND 10 billion.
  • A 30% reduction in the corporate income tax payable for the 2026 and 2027 tax periods on income of enterprises and organizations established in accordance with Vietnamese law whose annual revenue in 2026 and 2027 does not exceed VND 10 billion; except for enterprises formed through the division or separation of enterprises after the effective date of this Resolution, where the total annual revenue in 2026 and 2027 of the enterprises after the division or separation exceeds VND 10 billion. In case an enterprise is enjoying tax incentives under the Law on Corporate Income Tax or other laws or resolutions of the National Assembly, the corporate income tax reduction prescribed in this Clause shall be calculated based on the corporate income tax payable after deducting tax incentives.
  • This Resolution takes effect from August 24, 2026 and applies to the 2026 and 2027 tax periods.
For more detailed information about this or related Tax Advisory please don't hesitate to contact us.
Website: https://kmc.vn/
Hotline: +84 81 489 4789 or +84 91 988 9331
Email: info@kmc.vn