Vietnam Provides 30% Tax Reduction for Taxpayers with Revenue Not Exceeding VND 10 Billion in 2026 and 2027

The Government of Vietnam has published Resolution No. 43/2026/QH16 on reducing personal income tax and corporate income tax, which was approved by the National Assembly on 24 August 2026. The Resolution provides a 30% reduction in personal income tax payable for the 2026 and 2027 tax periods for resident individuals with business income, provided their annual revenue in 2026 and 2027 does not exceed VND 10 billion. Similarly, the Resolution provides a 30% reduction in corporate income tax p…