Law Amending Law on Personal Income Tax, Law on Value-Added Tax, Law on Corporate Income Tax, and Law on Excise Tax 2026, No. 09/2026/QH16

LAW
Amending and Supplementing a Number of Articles of the Law on Personal Income Tax, Law on Value-Added Tax, Law on Corporate Income Tax, and the Law on Excise Tax

Pursuant to the Constitution of the Socialist Republic of Vietnam, which had a number of articles amended and supplemented under Resolution No. 203/2025/QH15;

The National Assembly hereby promulgates the Law Amending and Supplementing a Number of Articles of the Law on Personal Income Tax No. 109/2025/QH15; Law on Value-Added Tax No. 48/2024/QH15, amended and supplemented under Law No. 149/2025/QH15; Law on Corporate Income Tax No. 67/2025/QH15, amended and supplemented under Law No. 116/2025/QH15, Law No. 127/2025/QH15, Law No. 133/2025/QH15, Law No. 141/2025/QH15 and Law No. 143/2025/QH15;and the Law on Excise Tax No. 66/2025/QH15.

Article 1. To amend and supplement Clause 1, Article 7 of the Law on Personal Income Tax

“1. Resident individuals engaged in production and business activities having annual turnover not exceeding the threshold prescribed by the Government shall not be liable to personal income tax. Based on macroeconomic indicators and budget balancing capacity, the Government shall prescribe an annual turnover threshold appropriate to the socio-economic context in each period.”.

Article 2. To amend and supplement Clause 25, Article 5 of the Law on Value-added Tax

“25. Goods and services of production and business households or individuals with the annual turnover not exceeding the threshold prescribed by the Government; assets sold by non-business organizations and individuals other than VAT payers; national contingency commodities sold by the national contingency agency; charges and fees specified by the law on charges and fees. Based on macroeconomic indicators and budget balancing capacity, the Government shall prescribe an annual turnover threshold specified in this Clause in accordance with the socio-economic context in each period.”.

Article 3. To add Clause 14a after Clause 14, Article 4 of the Law on Corporate Income Tax

“14a. Income of enterprises and organizations established under the laws of Vietnam having total annual turnover not exceeding the threshold prescribed by the Government shall be exempted from corporate income tax. Based on macroeconomic indicators and budget balancing capacity, the Government shall prescribe the total annual turnover threshold appropriate to the socio-economic context in each period.”.

Article 4. To amend and supplement provisions on on battery-powered motor vehicles with fewer than 24 seats at Point g Item 4 Part I of the Excise Tariff Schedule prescribed in Clause 1, Article 8 of the Law on Excise Tax

Article 5. Effect

1. This Law takes effect on the date of adoption, except the provisions in Clause 2 of this Article.

2. Provisions of Articles 1, 2, and 3 of this Law takes effect from January 01, 2026.

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This Law was passed on April 24, 2026, by the XVI National Assembly of the Socialist Republic of Vietnam at its 1 session.