Vietnamese
Decision No. 1772/QD-TTg sets out the requirement and assigns agencies to draft documents detailing the implementation of Laws and Resolutions adopted by the 16th National Assembly at its First Extraordinary Session.
The decree guiding personal income tax and corporate income tax reductions is the first document on the list promulgated together with Decision No. 1772/QD-TTg. The Ministry of Finance is assigned to take charge of drafting the document and must submit it on October 10, 2026.
According to Item 1 of the Appendix to Decision No. 1772/QD-TTg, the decree will detail Resolution No. 43/2026/QH16 on reductions in personal income tax and corporate income tax applicable to individuals and enterprises for the 2026 and 2027 tax periods.
To accelerate the drafting process, the Appendix specifies that the decree shall be developed under the simplified order and procedures. However, simplified procedures do not mean that consultation may be omitted. Clause 1, Article 2 of Decision No. 1772/QD-TTg requires ministries and ministerial-level agencies to propose the application of simplified procedures and ensure consultation with relevant agencies and units, as well as entities directly affected by the document.
The Prime Minister also assigns a separate task to the Ministry of Finance under Clause 5, Article 2: to urgently take charge of and coordinate with relevant ministries and sectors in drafting and submitting to the Government for promulgation a decree detailing Resolution No. 43/2026/QH16.
Under Points a and b, Clause 2, Article 2, the drafting agency must ensure that the proposed contents are within its competence, fully and accurately regulate the matters assigned to it, and ensure the quality and timely promulgation of the document.
