The Resolution mandates a 30% reduction in personal income tax payable for the 2026 and 2027 tax years on business income earned by resident individuals whose annual revenue in 2026 and 2027 does not exceed 10 billion VND (400,000 USD).
It also mandates a 30% reduction in corporate income tax payable for the 2026 and 2027 tax years on income earned by enterprises and organizations established under Vietnamese law whose annual revenue in 2026 and 2027 does not exceed 10 billion VND (400,000 USD).
In cases where an enterprise is already entitled to tax incentives under the Law on Corporate Income Tax or other laws and resolutions of the National Assembly, the tax reduction specified in this provision shall be calculated based on the corporate income tax payable after deducting such incentives.
The Resolution began to take effect on August 24 and applies to the 2026 and 2027 tax years.
