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, the Law on Value-Added Tax, the Law on Corporate Income Tax, and the Law on Excise Tax^[1]

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

The National Assembly promulgates the Law Amending and Supplementing a Number of Articles of Law No. 109/2025/QH15 on Personal Income Tax; Law No. 48/2024/QH15 on Value-Added Tax, which has a number of articles amended and supplemented under Law No. 90/2025/QH15 and Law No. 149/2025/QH15; Law No. 67/2025/QH15 on Corporate Income Tax, which has a number of articles 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 Law No. 66/2025/QH15 on Excise Tax.  

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

“1. Residents engaged in production and business activities who earn an annual turnover not exceeding the threshold prescribed by the Government are not liable to personal income tax. Based on macroeconomic indicators and the budget fund-balancing capacity, the Government shall prescribe the annual turnover threshold as suitable to socio-economic conditions 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 that earn an annual turnover not exceeding the threshold prescribed by the Government; assets sold by non-business organisations or individuals other than VAT payers; national reserve commodities sold by the national reserve agency; and collected amounts of charges and fees as specified by the law on charges and fees. Based on macroeconomic indicators and the budget fund-balancing capacity, the Government shall prescribe the annual turnover threshold in this Clause as suitable to socio-economic conditions in each period.”.

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

“14a. Income of enterprises and organisations established in accordance with Vietnam’s law whose total annual turnover does not exceed the threshold prescribed by the Government shall be exempt from corporate income tax. Based on macroeconomic indicators and the budget fund-balancing capacity, the Government shall prescribe the annual turnover threshold as suitable to socio-economic conditions in each period.”.

Article 4. To amend and supplement regulations on battery-driven motorised cars of under 24 seats specified in Point g, Section 4, Part I of the Excise Tax Tariff provided in Clause 1, Article 8 of the Law on Excise Tax

Article 5. Effect

1. This Law takes effect on the date of its passage, except Clause 2 of this Article.

2. Articles 1, 2 and 3 of this Law take effect on January 1, 2026.

This Law was passed on April 24, 2026, by the 16^th National Assembly of the Socialist Republic of Vietnam at its first session.-

Chairman of the National Assembly
TRAN THANH MAN