Deputy Prime Minister Nguyen Van Thang signed Decree No. 398/2026/NĐ-CP detailing Resolution No. 43/2026/QH16 on cutting personal income tax (PIT) and corporate income tax (CIT). Resident individuals running businesses, including household businesses, with annual revenue of up to VND 10 billion in 2026 and 2027 will get a 30% reduction in PIT payable on business income. Individuals expecting revenue within this threshold declare the cut with their periodic tax filings, while entities that withhold or pay tax on behalf of individuals apply the 30% reduction to the tax they withhold or pay. If actual annual revenue exceeds VND 10 billion, the individual loses the reduction and must pay back the amount reduced, though this supplementary tax is not subject to late-payment interest up to the filing deadline of the period in which revenue exceeded the threshold. The decree also covers a 30% cut in CIT payable for 2026 and 2027, but this part of the article is cut short.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Hướng dẫn chi tiết giảm 30% số thuế TNCN, thuế TNDN phải nộp từ kinh doanh có doanh thu không quá 10 tỉ đồng
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taxeshousehold businessesVietnam
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Related tickers and likely impact
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/30/2026 | 1,741.62 |
| Change that session | -0.80% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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