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At a parliamentary committee discussion, Prime Minister Le Minh Hung said the government will raise the taxable revenue threshold for household businesses. He cited recent difficulties facing households, micro and small enterprises, and other affected groups, noting that fuel price dynamics have increased costs and reduced purchasing power.
The Prime Minister said the government has directed the Ministry of Finance to promptly study policy options and report to the National Assembly with proposals to adjust the rules in the current session, if feasible. He emphasized that the threshold must be raised, and that the government will issue decrees once the National Assembly passes the relevant laws.
Under the current Personal Income Tax law, the taxable revenue threshold for household businesses is 500 million dong per year. The Finance Ministry expects the threshold for household businesses to rise to 1 billion dong per year.
With the proposed increase, households with annual revenue up to 1 billion dong would be exempt from personal income tax and value-added tax.
Alongside raising the household business threshold, the Prime Minister also indicated that the threshold for small and medium enterprises will be raised to support them. He said timely and flexible measures could encourage household businesses to formalize and operate as enterprises.
Previously, Finance Minister Ngo Van Tuan said the government proposed amendments to avoid fixing a specific threshold in law and instead allow the government to set the threshold. This would imply that the current 500 million dong threshold under the Personal Income Tax law (as amended in 2025) would be removed, with the government determining an appropriate level.
The Government argued that tax rules for households and individuals have been positively updated, but that since early 2026 global economic fluctuations and higher fuel costs have increased input costs, reduced purchasing power, and made business operations more difficult. It said further study is needed to adjust both the revenue threshold not subject to personal income tax and the VAT exemption threshold for households and individuals, particularly for sectors with thin profit margins that are heavily affected by cost fluctuations.
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