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The Government issued Decree No. 141 amending Decree No. 68/2026/NĐ-CP on tax policy for households and individuals in business, and Decree No. 320/2025/NĐ-CP detailing the implementation of the corporate income tax law. The decree was issued on 29 April 2026 and takes effect from 1 January 2026.
To implement the new policy on time, the Tax Department has directed heads of units to coordinate, enhance dissemination, and prepare the necessary conditions for implementation.
One notable provision raises the annual revenue threshold not subject to value added tax (VAT) and not liable for personal income tax (PIT) for households and individuals in business to 1 billion dong per year, doubling the previous threshold.
The decree also adds provisions on income exempt from corporate income tax. Enterprises and organizations established under Vietnamese law with total annual revenue of up to 1 billion dong are eligible for corporate income tax exemption.
For transitional cases, the decree specifies treatment for households, individuals, and enterprises with annual revenue up to 1 billion dong that have already declared and paid taxes in the first quarter. Under the decree, any paid tax may be offset or refunded as prescribed.
For enterprises that prepaid corporate income tax in Q1 2026 but expect their annual revenue will not exceed 1 billion dong, they will not have to continue prepayment in subsequent quarters. Any excess tax already paid will be offset or refunded under tax management regulations.
For the 2025 tax period ending after 1 January 2026, and if conditions are met, income from 1 January 2026 to the end of the 2025 tax period will be exempt from corporate income tax. The exemption will be calculated by monthly allocation based on the total corporate income tax payable for 2025.
The Tax Department urged local units to implement the new tax policy consistently and in accordance with existing regulations.
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