Decree 398, issued on 30/10, lets businesses and household businesses with annual revenue of no more than 10 billion VND cut income tax by 30% when they file or make provisional payments each period, for tax years 2026 and 2027, effective from 29/10. Revenue for eligibility includes all activities in the year, including branches and business locations; if it exceeds 10 billion VND, the reduction must be repaid, and the supplementary tax is not subject to late-payment interest for that period. Businesses already receiving tax incentives can take an additional 30% cut on tax still payable after those incentives. The policy covers income tax only, not VAT. The Ministry of Finance estimates a revenue loss of about 6,700 billion VND over two years, and about 99.86% of individuals and household businesses and 81.1% of enterprises would qualify at the 10 billion VND threshold.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Doanh nghiệp, hộ kinh doanh được giảm 30% thuế từng kỳ kê khai
Read the original on VnExpress ↗
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VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/30/2026 | 1,741.62 |
| Change that session | -0.80% |
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