30 percent tax cut offers relief to businesses, households
A 30 percent reduction in personal and corporate income taxes for 2026–2027 is expected to ease cost pressures and provide fresh momentum for millions of eligible businesses and households. National Assembly approves 30 percent income tax cut for individuals, businesses
The 30 percent reduction in personal and corporate income taxes for 2026-2027 is set to provide relief to many businesses and households in Vietnam, easing cost pressures and offering fresh momentum. This tax cut is particularly beneficial for small and medium-sized enterprises, with most members of the Ho Chi Minh City Textile and Fashion Association qualifying for the relief.
The policy, expected to reduce state budget revenue by around VND3.19 trillion (US$121.5 million) in 2026 and VND3.51 trillion (US$133.7 million) in 2027, is seen as a short-term measure to strengthen revenue generation over the longer term.
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