Basic Tax 11 Hanoi City has just issued an Official Dispatch to propagate and disseminate new tax policies and laws for 2026. Which includes the overview of the new tax policies applied in 2026.
Accordingly, the content of new tax policy and law documents effective from 2026 includes:
(1) Resolution 198/2025/QH15 dated May 17, 2025 of the National Assembly on a number of special mechanisms and policies for private economic development, effective from May 17, 2025
Decree 20/2026/ND-CP dated January 15, 2026 of the Government guiding Resolution 198/2025/QH15, effective from January 15, 2026, which includes some new points as follows:
+ 3-year corporate income tax exemption for newly established small and medium-sized enterprises from the date of issuance of the first business registration certificate.
The preferential regulations in this clause do not apply to some subjects specifically specified in this Decree.
+ Business households and individuals do not apply the tax fixed method from January 1, 2026.
+ Abolishing subject fees from January 1, 2026.
(2) Tax Administration Law 2025 dated December 10, 2025 takes effect from July 1, 2026
Decree 373/2025/ND-CP dated December 31, 2025 of the Government amending and supplementing a number of articles of Decree 126/2020/ND-CP detailing a number of articles of the Law on Tax Administration takes effect from February 14, 2026,
In which supplementing and amending a number of regulations on:
+ Taxpayers who are subject to monthly personal income tax declaration specified in point a, clause 1, Article 8 of Decree 126/2020/ND-CP, if they are eligible to declare value-added tax quarterly, are allowed to choose to declare personal income tax quarterly.
+ Taxpayers are not administratively sanctioned for late payment of tax declaration dossiers for tax declaration dossiers of tax periods that must be repaid due to changes in tax periods. Tax declaration dossiers for months that have been repaid are determined to be dossiers that replace tax declaration dossiers for the quarterly periods that have been paid.
+ Resident individuals with salary and wage income belonging to the category of organizations only paying deductions at the source from two or more places shall submit dossiers to declare tax finalization at the tax authority directly managing the organization paying the largest income in the year.
(3) The 2025 Personal Income Tax Law dated December 10, 2025 takes effect from July 1, 2026. Specific regulations on income from salaries and business income of resident individuals apply to the tax period of 2026 (ie from January 1, 2026).
Some specific new points:
+ Increase The non-taxable personal income revenue of business households and individuals is increased from 200 million VND/year to 500 million VND/year.
+ Individuals and business households are taxed according to actual income. Business households and individuals with revenue of over 500 million VND/year are taxed on actual income (revenue minus expenses), applying a tax rate of 15% or 17%.
+ Applying a progressive tax schedule of 5 tiers for personal income from salaries and wages
+ Increased family circumstance deduction from 01.01.2026: deduction for taxpayers themselves: 15.5 million VND/month (equivalent to 186 million VND/year); deduction for each dependent: 6.2 million VND/month.
(4) Special Consumption Tax Law 2025 dated June 14, 2025, effective from January 1, 2026
Decree 360/2025/ND-CP dated December 31, 2025 of the Government detailing the implementation of a number of articles of the Special Consumption Tax Law takes effect from January 1, 2026, which includes a number of points to note:
+ Supplementing subjects subject to SCT for soft drinks with a sugar content of over 5g/100ml
+ Changes in special consumption tax rates for some items.
(5) Value Added Tax Law No. 149/2025/QH15 dated December 11, 2025 and effective from January 1, 2026
Decree 174/2025/ND-CP dated June 30, 2025 of the Government stipulating the VAT reduction policy according to Resolution 204/2025/QH15 dated June 17, 2025. Effective from July 1, 2025 to December 31, 2026
Decree 359/2025/ND-CP dated December 31, 2025 of the Government amending a number of articles of Decree 181/2025/ND-CP detailing the implementation of a number of articles of the VAT Law takes effect from January 1, 2026, which includes a number of new points, specifically:
+ Increase the value-added tax revenue of households and individuals doing business to 500 million VND/year
+ Supplementing regulations: Enterprises, cooperatives, and cooperative unions that purchase crop products, planted forests, livestock, aquaculture, and aquaculture products that have not been processed into other products or only through ordinary preliminary processing for enterprises, cooperatives, and other cooperative unions are not required to declare and calculate value-added tax but are deducted input value-added tax.
+ Abolishing the tax refund condition: Sellers have declared and paid value-added tax according to regulations for invoices issued to business establishments requesting tax refunds.
(6) The 2025 Corporate Income Tax Law dated June 14, 2025 takes effect from October 1, 2025, applicable to the tax period of 2025 onwards.
Decree 320/2025/ND-CP dated December 15, 2025 of the Government guiding the Law on Corporate Income Tax.
Some new points to note:
+ Supplementing subjects subject to corporate income tax: Enterprises established and operating under the provisions of the Enterprise Law, Investment Law, Insurance Business Law, Securities Law, Oil and Gas Law, Commercial Law, International Treaties and regulations in other legal documents; Public service units established under the provisions of Vietnamese law; Cooperatives, cooperative unions established under the provisions of the Cooperative Law; Economic organizations established and operating under the provisions of the Law on Credit Institutions,
+ Items with only cashless payment vouchers for cases of purchasing goods, services and other payments each time with a value of 05 million VND or more. Cashless payment vouchers are made in accordance with the provisions of legal documents on value-added tax.
+ Applying 3 corporate income tax rates: 15% tax rate applied to enterprises with total annual revenue not exceeding 03 billion VND; 17% tax rate applied to enterprises with total annual revenue from over 3 billion VND to not exceeding 50 billion VND and 20% tax rate excluding 02 cases specified above and subjects entitled to tax incentives.
+ Expanding the area of corporate income tax incentives for a number of specific industries and fields.
(7) Decree 310/2025/ND-CP dated December 02, 2025 of the Government amending and supplementing a number of articles of Decree 125/2020/ND-CP on sanctioning administrative violations in the field of taxes and invoices officially takes effect from January 16, 2026
In which, note some new points:
+ Supplementing cases of force majeure in handling administrative violations related to taxes and invoices
+ Supplement 03 cases without handling each action because organizations and individuals commit many administrative violations.
+ Amending regulations on fines and principles for applying fines.
+ Amending regulations on penalties for the act of making invoices at the wrong time, and the act of not making invoices.
(8) Circular 99/2025/TT-BTC dated October 27, 2025 of the Ministry of Finance replacing Circular 200/2014/TT-BTC, effective from January 1, 2026, applicable to the accounting period of 2026
Some new points to note:
+ Rename and add some accounting accounts. Remove from the list of level 2 accounting accounting systems
+ Supplementing the content of internal governance and control in enterprise accounting Supplementing the principle of preparing financial statements when changing currency units in accounting
+ No longer the Balance Sheet but instead the Financial Statements.
(9) Circular 130/2025/TT-BTC dated December 24, 2025 of the Ministry of Finance regulating the system of state budget headings takes effect from January 1, 2026
Some new points, specifically:
+ Amending and supplementing Item and Sub-element codes to meet the requirements of monitoring and reporting on some capital sources allocated from two sources: public investment only and regular investment only.
+ Amending the Sub-section to meet the requirements for monitoring and reporting content only to transfer sources according to the provisions of the State Budget Law 2025
+ Amending and supplementing Types and Clauses to monitor state budget expenditures in the field of national reserves only in accordance with the provisions of the State Budget Law 2025.
