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Decree 141/2026 on tax policy amendments, issued on April 29, stipulates that households and individual businesses with annual revenue of 1 billion VND or less will be exempt from value-added tax (VAT) and personal income tax (PIT) under Decree 141/2026 and related laws.
For households with annual revenue above 1 billion VND, VAT and PIT payments remain subject to the current rules, with tax rates applied by sector.
For example, a household distributing and supplying goods with annual revenue of 2 billion VND would pay VAT at 1% on total revenue.
For PIT, the first 1 billion VND of revenue is exempt. The remaining 1 billion VND is taxed at 0.5%.
The new regulation has received positive feedback from the small business community, with many citing the 1 billion VND per year exemption as a way to reduce financial pressure and support business continuity and growth.
Ms Tran Thanh Vy, owner of a grocery shop in an alley in Ho Chi Minh City, said her annual revenue is about 900 million VND, with profit of about 5% of revenue, equivalent to roughly 45 million VND per year (about 3.75 million VND per month). She said the group’s income is low and that taxes would not reflect the reality of small businesses.
Ms Le Thanh Tuyền, a retailer at a traditional market, said the new tax rules are designed clearly and reasonably. She noted that service businesses—especially in the food sector—often have revenue in the several billion VND range and higher profit margins. In her view, taxing VAT on total revenue, exempting the first 1 billion VND from PIT, and taxing PIT on the remaining revenue is fair and encourages business.
Decree 141/2026/NĐ-CP also includes regulations on income exempt from corporate income tax (CIT). Enterprises with total annual revenue of 1 billion VND or less will be exempt from CIT.
Lawyer Nguyen Duc Nghia, Director of Viet Tin Nghia Law Firm, said the provision helps ensure balance in tax obligations between businesses and households. He pointed out that many small enterprises have revenue around 1 billion VND per year; if they were required to pay CIT while households with the same revenue are exempt, it would create inequality.
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