Resolution No. 198/2025/QH15 (dated May 17, 2025) introduces special mechanisms and policies aimed at promoting the development of the private sector, applicable to enterprises, business households, and individual businesspersons. Key highlights include a series of tax and fee incentives: a 2-year corporate income tax (CIT) exemption and a 50% reduction for the following 4 years for innovative start-ups; exemptions from personal income tax (PIT) and CIT on capital transfers in innovative enterprises; a 3-year CIT exemption for small and medium-sized enterprises (SMEs) from the date of business registration.
From January 1, 2026, business households and individuals will shift from the flat-rate tax system to tax declaration in accordance with the Tax Administration Law. Additionally, the business license fee will be abolished, and all fees for re-issuance of licenses and permits due to state organizational restructuring will be waived.
Furthermore, the Resolution provides 2% interest rate support for green and ESG-compliant projects, subsidies for workforce training, and priority for SMEs in government procurement packages.
| Issuing bodies: | National Assembly of the Socialist Republic of Vietnam | Gazette number: | 713&714-05/2025 |
| Official number: | 198/2025/QH15 | Gazette dated: | 29/05/2025 |
| Types of documents: | Resolution | Signer: | Tran Thanh Man |
| Issuing date: | 17/05/2025 | Expiry date: | |
| Effective date: | 17/05/2025 | Effect status: | In force |
| Fields: | Enterprise | Updated date: | 17/05/2025 |
