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On April 20, the Standing Committee of the National Assembly held a session to seek opinions on a draft Law amending and supplementing provisions of four tax laws, including personal income tax, value-added tax, corporate income tax and excise tax.
Presenting the proposal, Minister of Finance Ngo Van Tuan said the draft law is designed to institutionalize major directions for private sector development, the green economy and the energy transition.
One notable provision concerns adjustments to the tax policy for households and individual businesses. The Ministry of Finance said that from the start of 2026 to date, rising fuel prices, increasing input costs and declining purchasing power have created difficulties for this sector.
Based on this assessment, the drafting agency proposes continuing to study adjustments to:
with the aim of supporting household businesses, particularly those operating in sectors with low profit margins.
The draft Law does not set the thresholds directly in statute. Instead, it assigns the Government to determine them. The Ministry of Finance said this delegation would allow fiscal policy to operate more flexibly in line with economic and social developments.
For small enterprises, the draft also proposes adding provisions on the level of revenue exempt from corporate income tax, while assigning the Government to specify the details. The stated objective is to ensure fairness between enterprises and household businesses and to encourage a transition to an enterprise model.
In its appraisal report, the Economic and Financial Committee said the majority of opinions support the reform orientation, including the approach of delegating to the Government the authority to set flexible revenue thresholds based on actual conditions.
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