Tag Archives: decree no. 20/2026/nd-cp

Vietnam Introduces Corporate Income Tax Exemptions and Reduced Rates for SMEs: What Businesses Need to Know as of 2026

The Government of Vietnam has officially introduced a 3-year Corporate Income Tax (CIT) exemption for newly established small and medium-sized enterprises (SMEs). In addition, flexible CIT rates of 15%, 17%, and 20% will be applied based on the size and revenue scale of enterprises.Further tax exemptions and reductions are available for businesses operating in incentivized […]