On May 17th, 2025, the National Assembly passed Resolution No. 198/2025/QH15 on several special mechanisms and policies for private economic development, accordingly:
– Exemption from corporate income tax for 02 years and a 50% reduction in payable tax for the next 04 years for income from innovative start-up activities of innovative start-up enterprises, innovative start-up investment fund management companies, and intermediary organizations supporting innovative start-ups. The determination of tax exemption and reduction periods shall be implemented according to the regulations of the Law on Corporate Income Tax.
– Exemption from personal income tax and corporate income tax on income from the transfer of shares, capital contributions, rights to contribute capital, rights to purchase shares, and rights to purchase capital contributions in innovative start-up enterprises.
– Exemption from personal income tax for 02 years and a 50% reduction in payable tax for the next 04 years for income from wages and salaries of experts and scientists received from innovative start-up enterprises, research and development centers, innovation centers, and intermediary organizations supporting innovative start-ups.
– Exemption from corporate income tax for small and medium-sized enterprises for 03 years from the date of issuance of the first Enterprise Registration Certificate.
– Training and retraining human resources expenses of large enterprises for small and medium-sized enterprises participating in the chain shall be included in deductible expenses to determine taxable income when calculating corporate income tax.
– From January 01st, 2026, business households and business individuals shall no longer apply the lump-sum tax method. Business households and business individuals shall pay taxes according to the Law on Tax Administration.
– Termination of business license fees collection and payment from January 01st, 2026.
– Exemption from fees and charges collection for organizations, individuals, and enterprises for documents that need to be reissued or renewed when the restructuring or reorganization of the state administrative apparatus according to the regulations of the Law.
Resolution No. 198/2025/QH15 takes effect from May 17th, 2025.
