The Government Decree No. 373/2025/ND-CP, which amends and supplements several provisions of Decree No. 126/2020/ND-CP detailing the implementation of certain articles of the Law on Tax Administration, provides guidance on cases where taxpayers have declared taxes on a quarterly basis but do not meet the conditions for quarterly tax declaration. Specifically, Decree No. 373/2025/ND-CP supplements […]
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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 […]