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The Ministry of Finance has issued a draft decree amending Decree No. 68/2026/ND-CP on tax policy for business households and individuals, and Decree No. 320/2025/ND-CP providing guidance for implementing the Corporate Income Tax Law.
Under the government’s draft, the annual revenue threshold subject to personal income tax for business households and individuals is proposed to be raised to 1 billion VND per year. The draft also proposes raising the annual revenue not subject to value-added tax to 1 billion VND per year.
As a result, the tax-exempt threshold for business households could be twice the current level.
According to the tax authority’s calculations, currently about 2.56 million households have annual revenue below 1 billion VND. Under the proposal, the estimated reduction in state budget revenue would be:
The Ministry said that since the beginning of this year, the domestic economy has faced fluctuations linked to global conditions, including rising fuel costs that increase input expenses, weaker purchasing power, and difficulties for business activities of households and individuals.
The Ministry described the adjustment as necessary to support a tax policy grounded in evidence, consistent with the development trend of the digital economy, and aligned with taxpayers’ ability to comply—aiming to help taxpayers avoid and reduce tax evasion.
The draft decree also proposes a 1 billion VND per year income threshold for tax exemption for small enterprises, to harmonize with the household and individual exemption threshold.
Among roughly 900,000 registered and operating enterprises, nearly 94% are small and micro enterprises. The Corporate Income Tax regime currently provides incentives for small enterprises, including two consecutive years of tax exemption for new enterprises formed from households with revenue not exceeding 50 billion VND, or a 15% reduced tax rate for enterprises with annual revenue not exceeding 3 billion VND.
The Ministry noted that small enterprises are among the first and most affected by constraints on capital and labor, reducing their resilience to external shocks. It cited recent increases in fuel and logistics costs that have pushed many such businesses into difficulty.
It also said tax exemptions for small enterprises promote policy fairness by helping taxpayers choose business forms that fit their circumstances, and encourage households to shift to corporate structures with professional governance and greater growth potential.
The policy is intended to implement Resolution No. 68 of the Politburo, which targets that by 2030 Vietnam will have 2 million active enterprises and 20 enterprises per thousand people.
With the proposed personal income tax exemption for small enterprises, the Ministry estimates the tax relief at about 2,164 billion VND, benefiting approximately 235,800 enterprises.
Source: Việt Linh, Tiền Phong
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