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The Ministry of Finance has proposed doubling the taxable revenue threshold for households and sole proprietors, raising the level of taxable turnover from 500 million VND per year to 1 billion VND per year. The proposal also adjusts the income threshold exempt from corporate income tax for small enterprises to 1 billion VND per year.
The Ministry is drafting decrees to amend Decree 68/2026/ND-CP on tax policies for households and individuals conducting business and Decree 320/2025/ND-CP detailing implementation measures for the Enterprise Income Tax Law.
Under the proposal, the annual turnover not subject to personal income tax for households and individuals conducting business would be applied up to 1 billion VND per year. In addition, the annual turnover exempt from value-added tax would be raised to 1 billion VND per year, effectively doubling the current threshold.
The Ministry said the adjustment is consistent with the rule that households and individuals with annual turnover of 1 billion VND or more must use electronic invoices created by cash registers connected to the tax authority’s data electronically.
Based on current calculations by the tax authority, about 2,556,042 households and individuals have revenue below 1 billion VND. With the proposed policy, the state budget reduction is expected to be about 16,650 billion VND compared with 2025, under the simplified tax regime and the non-taxable revenue threshold of 100 million VND per year.
The Ministry also estimates the reduction would be about 4,850 billion VND less than the current policy, which raised the non-taxable revenue threshold to 500 million VND per year.
To align with the non-taxable turnover threshold for households and individuals, the income exemption for small enterprises would be set at 1 billion VND per year. The Ministry said the measure aims to ensure policy fairness, help taxpayers choose appropriate business models, and encourage households to transition to enterprise structures with professional governance and conditions to scale and improve efficiency.
The regulation also codifies Resolution 68-NQ/TW, which targets that by 2030 the economy will have 2 million enterprises and 20 enterprises per thousand people.
For corporate income tax exemption, the proposal would exempt enterprises with total turnover not exceeding 1 billion VND per year. The Ministry estimates the amount of corporate income tax exempted would be about 2,164 billion VND, and the number of exempt enterprises would be about 235,800.
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