Resolution 43/2026/QH16 reduction of personal income tax and corporate income tax

RESOLUTION

On reduction of personal income tax and corporate income tax for individuals and enterprises

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THE NATIONAL ASSEMBLY

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;

Pursuant to the Law on Organization of the National Assembly No. 57/2014/QH13, which had a number of articles amended and supplemented under Law No. 65/2020/QH14 and Law No. 62/2025/QH15;

Pursuant to Law on Personal Income Tax No. 109/2025/QH15, which had a number of articles amended and supplemented under Law No. 09/2026/QH16;

Pursuant to the Law on Corporate Income Tax No. 67/2025/QH15, which had 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, Law No. 143/2025/QH15 and Law No. 09/2025/QH16;

Pursuant to the Law on Promulgation of Legal Documents No. 64/2025/QH15, which had a number of articles amended and supplemented under Law No. 87/2025/QH15;

RESOLVES:

Article 1. Reduction of personal income tax and corporate income tax

1. To reduce 30% of personal income tax payable in the tax periods of 2026 and 2027 for business income of resident individuals whose annual turnover in 2026 and 2027 does not exceed VND 10 billion.

2. To reduce 30% of corporate income tax payable in the tax periods of 2026 and 2027 for income of enterprises and organizations established under the law of Vietnam whose annual turnover in 2026 and 2027 does not exceed VND 10 billion; except for enterprises formed through division or separation after the effective date of this Resolution where the total annual turnover in 2026 and 2027 of the enterprises resulting from such division or separation exceeds VND 10 billion. Where an enterprise is enjoying tax incentives under the Law on Corporate Income Tax or other laws or resolutions of the National Assembly, the corporate income tax reduction specified in this Clause shall be calculated on the corporate income tax payable after deduction of tax incentives.

Article 2. Effect

1. This Resolution takes effect on August 24, 2026, and shall apply in the 2026 and 2027 tax periods.

2. The Government shall detail this Resolution.

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This Resolution was adopted on August 24, 2026, by the XVI^th National Assembly of the Socialist Republic of Vietnam at its 1^st extraordinary session.