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tax policy

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Legislature approves 30% income tax cut for small enterprises, business households

Legislature approves 30% income tax cut for small enterprises, business households

The resolution, comprising two articles, provides for a 30% reduction in personal and corporate income tax for the 2026-2027 tax periods for individuals, business households and enterprises with annual revenue of no more than 10 billion VND (381,000 USD).

Politics-Diplomacy

Draft laws must support management reform, stronger decentralisation: PM

Participants looked into 11 draft laws and one draft resolution, including laws amending and supplementing several articles of laws on non-agricultural land use tax and corporate income tax; natural resources tax; securities; accounting and independent auditing; the Labour Code; and laws on archives, gender equality, Red Cross activities and employment.