The draft sets out tax policies for crypto asset transactions and business which align largely with the current taxation framework applied to securities trading.
New small and medium-sized enterprises (SMEs) are exempted from corporate income tax (CIT) for their first three years of operation under a new Government decree which aims at promoting the development of the private sector.
Việt Nam''s tax authorities are rolling out support measures to help millions of household businesses adjust to significant changes in the country’s tax regime as mandatory tax declaration replaces the long-standing lump-sum tax system from January 1, 2026.
Between 2020 and 2025, authorities nationwide detected and handled about 120,000 - 190,000 cases of smuggling, trade fraud and counterfeit goods each year with trade fraud accounting for the largest share of around 79-88 per cent.
According to the Ministry of Finance, the move aims to increase transparency, reduce arbitrariness in tax collection and gradually integrate household businesses into the formal economy.
Under the amended Law on Personnal Income Tax, the personal deduction will rise to VNĐ15.5 million (US$590) per month from VNĐ11 million at present. Taxpayers are also entitled to mandatory insurance deductions and contributions to charity and humanitarian funds.
A CIT rate of 15 per cent applies to enterprises with a total revenue in the preceding year of not more than VNĐ3 billion (US$114,000), while a CIT rate of 17 per cent applies to enterprises with a total revenue in the...
The year 2025 marked a significant surge in usage, with more than 7 million new registrations - 1.2 times the combined figure of the previous three years.
Under the proposal, household and individual businesses with annual revenue of VNĐ1 billion or more would be required to use e-invoices with a tax authority code or invoices generated from cash registers connected to the tax authority’s database, in line...
The Hanoi Support Centre for Enterprise and Investment Promotion (SCE) in coordination with the Hà Nội Department of Finance, held a seminar on corporate taxation on December 5 to help businesses in the capital adapt to ongoing tax reforms and an evolving...
The Government proposed raising the revenue threshold exempt from tax for business households from VNĐ200 million (over US$7,580) to VNĐ500 million per year.
The VNĐ500 million threshold would allow 90 per cent of household businesses to be exempted from paying tax and reduce the tax burden on them by an estimated sum of VNĐ11.8 trillion per year.
