Individuals and businesses with annual revenue of no more than VNĐ10 billion (US$380,000) in 2026 and 2027 will be given a tax reduction of 30 per cent.
Thắng said the measure would initially reduce State revenue, but the lost revenue could be recovered in the longer term as household businesses and enterprises expand.
As tax policies change and tax administration becomes increasingly modern with greater application of digital technologies, businesses need to proactively new policies while standardising accounting books and supporting documents from within the enterprise.
Tax refunds have been a priority for supporting production and trade. In 2026, tax agencies at all levels have intensified coordination to ensure VAT refunds are processed promptly and in line with the law.
Tax policy is among the solutions with the most direct impact on companies. Rather than prioritising near-term revenue collection, fiscal policy is being run to help them preserve cash flow, expand production and build more sustainable revenue sources.
According to the General Department of Taxation, the inspections focused on sectors and enterprises that showed signs of irregularities and possessed significant potential for tax collection.
The accounting software should also be capable of integrating with e-invoicing software and digital signature services already used by small and micro-enterprises, business households and individual businesses.
Việt Nam should relax electronic invoicing requirements for household businesses and individual merchants selling through e-commerce platforms, tax experts told at a policy seminar.
Masan Group Corporation (HOSE: MSN) posted record profit in the second quarter of 2026, while its consumer arm maintained double-digit revenue growth, supported by higher sales volumes and recovering consumer demand.
A key proposal is to introduce a mechanism to regulate windfall gains from differences in land values, while imposing high taxes on vacant land and property transactions conducted within a short period.
The regulation built on the cooperation mechanism established in 2017 while incorporating s to reflect new legal requirements, practical management needs, and Việt Nam''s international commitments.
E-commerce has become a major driver of Việt Nam''s digital economy, prompting tax authorities to shift from traditional taxpayer-based management to monitoring actual transaction data and revenue flows.
The Institute of Resources and Environmental Economics has proposed restoring presumptive taxation for small household businesses to reduce compliance costs and support their transition to the new system.
