On the Government Portal, Mr. T.V.H in Ho Chi Minh City expressed that according to Resolution No. 68-NQ/TW (Resolution 68), small and medium-sized enterprises are exempt from income tax in the first 3 years of establishment.
Mr. H asked, when will a business be entitled to this policy? What procedures need to be carried out to enjoy tax incentives?
Mr. H added that his company plans to establish and operate in the field of medical equipment and supplies business and build digital transformation software for medical units. He asked, will the registration of the business line with industry code 4659 enjoy policies for innovative enterprises in the future?
Regarding this issue, the Ministry of Finance has the following opinion:
Clause 4, Article 10 of Resolution No. 198/2025/QH15 on special mechanisms and policies for private economic development stipulates:
"Exemption from corporate income tax for small and medium enterprises for 3 years from the date of issuance of the first Certificate of Business Registration". The Resolution takes effect from the date of National Assembly approval on May 17, 2025.
Thus, all small and medium-sized enterprises (including enterprises in the field of medical equipment and supplies business and building digital transformation software for medical units) are beneficiaries of this policy.
Currently, the Ministry of Finance is drafting a Decree guiding the implementation of a number of articles of Resolution No. 198/2025/QH15 and will have specific instructions on the application of this policy in practice.
Regarding the registration of the business line with industry code 4659 and the enjoyment of policies for innovative enterprises, Clause 3, Article 3 of the Law on Science, Technology and Innovation stipulates:
"3. Innovation is the activity of creating new products, new services, new processes, new business models or significantly improving compared to existing products, services, processes, and business models".
Therefore, it is recommended that businesses study, review and adjust (if necessary) business lines in accordance with the field that businesses want to focus on and can enjoy state support policies in accordance with the business lines.
