On 29 October 2026, the Government issued Decree No. 398/2026/ND-CP guiding Resolution No. 43/2026/QH16. The key points for enterprises are as follows:
- Enterprises established under Vietnamese law, including foreign-invested enterprises, with annual revenue of no more than VND 10 billion receive a 30% reduction of corporate income tax payable for 2026 and 2027.
- Revenue for this test includes revenue from goods and services, financial income and other income.
- Where the enterprise is entitled to tax incentives, the 30% reduction applies to the tax payable after those incentives.
- Enterprises determine the reduction themselves when making quarterly provisional tax payments. If actual revenue for the year exceeds VND 10 billion, the reduced amount must be paid back, together with late payment interest.
The Decree also provides a 30% personal income tax reduction for business individuals and household businesses with annual revenue of no more than VND 10 billion.
Original document:
- 📄 Download Decree No. 398/2026/ND-CP: here
