New tax policy for household businesses rolled out urgently
Vietnam's Tax Department has instructed tax authorities nationwide to swiftly publicize and implement Decree No.141, aiming to safeguard taxpayers' interests and support business activity.
Issued on April 29, 2026, shortly after the government promulgated Decree No. 141/2026/ND-CP, the tax sector urgently issued the Official Dispatch No. 11/CD-CT.
In the Official Dispatch No. 11/CD-CT, the Tax Department called on tax agencies at all levels to proactively make preparations for implementing the Decree No.141.
Tax officials have been instructed to intensify communication efforts to ensure both tax officers and taxpayers fully understand the new provisions, while also preparing the necessary conditions for smooth enforcement.
The dispatch also sets out transitional provisions designed to protect taxpayers and businesses during the implementation period.
For household and individual businesses with annual revenue of no more than 1 billion dong that have already declared and paid personal income tax and value-added tax under Decree No. 68/2026/ND-CP, those payments will be handled in accordance with Article 12 of the decree.
Enterprises that have made provisional corporate income tax payments for the first quarter of 2026, but expect total revenue for the tax year to be no more than 1 billion dong, will not be required to make further provisional corporate income tax payments in subsequent quarters. Any overpaid tax shall be offset against future liabilities, refunded, or both refunded and offset against other state budget obligations in accordance with tax administration regulations.
For enterprises whose 2025 tax period ends after Jan. 1, 2026, and that meet the eligibility criteria set out in Article 2 of Decree No. 141/2026/ND-CP, corporate income tax will be exempt for the period from Jan. 1, 2026, through the end of the 2025 tax period.
The amount of corporate income tax exempted for the 2025 tax period will be calculated by dividing the total corporate income tax payable for 2025 by 12 months, or by the actual number of operating months for businesses established during 2025, and multiplying that figure by the number of months in the 2025 tax period falling within calendar year 2026. From the 2026 tax year onward, the exemption will be applied in accordance with Article 2 of Decree No. 141/2026/ND-CP.
The Tax Department said prompt and coordinated implementation of the decree would play an important role in supporting taxpayers, promoting business activities and stabilizing state budget revenues.
Following the decree's issuance, Hai Phong Tax Department quickly informed household businesses of the new regulations and began preparing the necessary conditions for implementation in line with official guidance.
Hai Phong News