Official Letter No. 2169/TPHCM-QLDN3 dated 9 March 2026 issued by the Ho Chi Minh City Tax Department.
According to the Official Letter, the Ho Chi Minh City Tax Department provides guidance that where a company meets the criteria of a small- and medium-sized enterprise (“SME”) but has foreign investment capital, it would not be eligible for corporate income tax (“CIT”) incentives as prescribed under:
- Article 10 of Resolution No. 198/2025/QH15 dated 17 May 2025 issued by the National Assembly on certain special mechanisms and policies for private sector development; and
- Clause 3, Article 7 of Decree No. 20/2026/ND-CP dated 15 January 2026 issued by the Government, detailing and guiding the implementation of Resolution No. 198/2025/QH15.
For detailed information, please refer to the link.
