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Resolution No. 43/2026/QH16 dated 24 August 2026 of the National Assembly on Corporate Income Tax Reduction

Reduction rate: A 30% reduction of the corporate income tax payable.

Eligible entities: Enterprises and organizations established in accordance with Vietnamese law.

Eligibility conditions: Annual revenue for each of the years 2026 and 2027 must not exceed VND 10 billion.

Exclusions: The tax reduction shall not apply to enterprises established as a result of a division or separation of an existing enterprise after 24 August 2026, where the aggregate annual revenue of the enterprises resulting from such division or separation exceeds VND 10 billion.

Principle for concurrent application of tax incentives: For enterprises eligible for tax incentives under the Law on Corporate Income Tax or other laws or resolutions of the National Assembly, the 30% tax reduction shall be calculated on the corporate income tax payable after deducting the applicable tax incentives.

The Resolution takes effect on 24 August 2026 and applies to the tax periods of 2026 and 2027.

Official Letter No. 6810/CT-QLNT dated 14 September 2026 of the Tax Department providing guidance on exchange rates stated on invoices

For cases involving tax declarations and other receivables in foreign currencies as prescribed in Clause 1, Article 14 of Decree No. 252/2026/ND-CP, the currency used for tax declaration and payment, the currency used for other receivables, and the exchange rate applied for tax declaration and currency conversion shall be determined in accordance with Article 14 of Decree No. 252/2026/ND-CP.

Where economic or financial transactions arise in foreign currencies in accordance with foreign exchange laws and regulations, the seller shall state on the invoice the exchange rate between the foreign currency and the Vietnamese dong in accordance with Point c.1, Clause 8 of the Appendix to Decree No. 254/2026/ND-CP. Pursuant to Clauses 1 and 5, Article 26 of the Law on Tax Administration No. 108/2025/QH15 and the accounting laws and regulations, the exchange rate stated on the invoice shall be the actual transaction exchange rate determined in accordance with the accounting laws and regulations.