30% REDUCTION IN CORPORATE INCOME TAX AND PERSONAL INCOME TAX ON BUSINESS INCOME FOR 2026–2027

On August 24, 2026, the National Assembly adopted Resolution No. 43/2026/QH16 on the reduction of Personal Income Tax (PIT) and Corporate Income Tax (CIT).

Accordingly, the National Assembly resolved as follows:

• A 30% reduction in the PIT payable for the 2026 and 2027 tax periods applicable to business income earned by resident individuals whose annual revenue in 2026 and 2027 does not exceed VND 10 billion.
• A 30% reduction in the CIT payable for the 2026 and 2027 tax periods applicable to income of enterprises and organizations established in accordance with Vietnamese law whose annual revenue in 2026 and 2027 does not exceed VND 10 billion.

This reduction does not apply to enterprises formed through the division or separation of an enterprise after this Resolution takes effect, where the combined annual revenue of the enterprises formed after such division or separation exceeds VND 10 billion in 2026 or 2027.