The year 2026 marks a significant turning point as a series of new tax regulations come into force, reshaping tax administration towards greater professionalism and digitalisation.

Breakthrough adjustments

Following the Politburo’s Resolution No. 68-NQ/TW dated May 4, 2025 on private sector development, Vietnam’s tax legal framework has undergone breakthrough adjustments. Central to these reforms are Law No. 09/2026/QH16 and Decree No. 141/2026/ND-CP recently promulgated by the National Assembly along with the Government.

Processing macadamia nuts at an enterprise in Krong Nang commune.

Among the most widely welcomed reforms is the increase in tax-exempt revenue threshold for household businesses and individual business operators from 500 million VND to 1 billion VND annually. The higher threshold gives micro alongside small business households greater financial flexibility to withstand market fluctuations, while enabling them to reinvest more confidently in technology upgrades and production expansion.

Notably, the policy also extends to the enterprise sector, with enterprises generating annual revenue of less than 1 billion VND exempt from corporate income tax. This creates favourable conditions for start-ups and small enterprises to accumulate capital during the critical early stages of operation.

Alongside these incentives, 2026 is also marking a major shift in tax administration methods as household businesses gradually transition from the presumptive tax method to declaration-based tax management.

Simultaneously, tax authorities are accelerating the adoption of electronic invoices, including those generated from cash registers, while strengthening tax management on digital platforms, streamlining administrative procedures, while helping taxpayers complete procedures more quickly and conveniently.

Expectations for sustainable growth

In response to these policies, the local business community has shown clear optimism.

Mrs. Nguyen Thi Duom, owner of Nguyen Duom Brocade Wedding Dress household business in Buon Ma Thuot ward, said that raising the tax-exempt revenue threshold to 1 billion VND reflects a people-centred policy that directly eases financial pressure on sectors associated with preservation of local cultural heritage, while enabling micro and small household businesses to confidently invest, expand production, as well as grow their operations.

Production of construction materials at an enterprise in Tuy An Nam commune.

Alongside the regulation raising the tax-exempt revenue threshold for household alongside individual businesses, Decree No. 141/2026/ND-CP also recently allowed enterprises and organisations with total annual revenue of 1 billion VND or less to be exempt from corporate income tax. This policy is expected to provide small enterprises with additional resources to accumulate capital, reinvest, combined with enhance competitiveness amid ongoing economic challenges.

Taken together, the policies under Decree No. 141/2026/ND-CP reflect a consistent strategy of combining support with reform. Accelerated adoption of electronic invoices generated from cash registers, alongside stronger tax management on digital platforms not only helps tax authorities better control cash flows, but also enables enterprises to enhance professionalism and prepare for deeper integration.

In the near future, these policies are expected to become a solid lever for the private sector to emerge as the main growth driver in Dak Lak province coupled with nationwide.

Translated by KHUONG THAO