Corporate Income Tax(CIT)
Corporate Income Tax Exemption 2026: 3-Year Tax Exemption for Newly Established SMEs and Businesses with Annual Revenue of VND 1 Billion or Less
1. Legal Basis The Corporate Income Tax exemption policy applicable in 2026 is governed by the following legal documents: Resolution No. 198/2025/QH15 of the National Assembly on certain special mechanisms and policies for private sector development;Decree No. 20/2026/ND-CP of the Government detailing the implementation of certain provisions of Resolution No. 198/2025/QH15;Decree No. 141/2026/ND-CP amending and […]
Accounting for Gifted Goods: Essential Tax Regulations Businesses Must Know
In the course of business operations, gifting goods to customers, partners, or employees is a very common practice: customer appreciation, Lunar New Year gifts, promotional gifts, internal gifts, etc.However, if accounting and tax declarations are not handled correctly, businesses may face risks such as disallowed expenses, back taxes on VAT and CIT during tax finalization. […]
