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THE NATIONAL ASSEMBLY |
THE SOCIALIST REPUBLIC OF VIETNAM |
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Law No. 09/2026/QH16 |
Hanoi, April 24, 2026 |
AMENDMENTS TO SOME ARTICLES OF THE LAW ON PERSONAL INCOME TAX, THE LAW ON VALUE-ADDED TAX, THE LAW ON CORPORATE INCOME TAX, AND THE LAW ON EXCISE TAX
Pursuant to the Constitution of the Socialist Republic of Vietnam, amended by resolution No. 203/2025/QH15;
The National Assembly promulgates the Law on Amendments to some Articles of the Law on Personal Income Tax No. 109/2025/QH15; the Law on Value-added Tax No. 48/2024/QH15, amended by Law No. 90/2025/QH15 and Law No. 149/2025/QH15; the Law on Corporate Income Tax No. 67/2025/QH15, amended by Law No. 116/2025/QH15, Law No. 127/2025/QH15, Law No. 133/2025/QH15, law No. 141/2025/QH15 and Law No. 143/2025/QH15; and the Law on Excise Tax No. 66/2025/QH15.
Article 1. Amendments to Clause 1 Article 7 of the Law on Personal Income Tax
“1. A resident individual whose annual revenue from production and/or business operations (hereinafter referred to as “business operations”) does not exceed the threshold prescribed by the Government of Vietnam shall be exempt from PIT. In consideration of macroeconomic indicators and state budget capacity in each period, the Government of Vietnam shall prescribe the annual revenue threshold accordingly.”.
Article 2. Amendments to Clause 25 Article 5 of the Law on Personal Income Tax
“25. Goods and services manufactured or sold by business households and individuals with annual revenue not exceeding the threshold prescribed by the Government of Vietnam; assets sold by organizations and individuals that do not do business and are not VAT payers; goods in national reserves sold by national reserves agencies; fees and charges prescribed by regulations of law on fees and charges. In consideration of macroeconomic indicators and state budget capacity in each period, the Government of Vietnam shall prescribe the annual revenue threshold accordingly.”.
Article 3. Addition of Clause 14a after Clause 14 Article 4 of the Law on Corporate Income Tax
“14a. Income of enterprises and organizations established in accordance with the law of Vietnam with annual revenue not exceeding the threshold prescribed by the Government of Vietnam shall be exempt from corporate income tax. In consideration of macroeconomic indicators and state budget capacity in each period, the Government of Vietnam shall prescribe the annual revenue threshold accordingly.”.
Article 4. Amendments to regulations on electric vehicles with under 24 seats prescribed in Part I.4.g of the Excise Tax Schedule in Clause 1 Article 8 of the Law on Excise Tax
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No. |
Goods and services |
Tax rate (%) |
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4 |
g) Electric vehicles with under 24 seats | |
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* Battery electric vehicles (BEV) with under 24 seats | |
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– Passenger vehicles and four-wheeled motor vehicles with up to 9 seats, including pick-up vehicles for passenger transport | – From 01/01/2026: 3
– From 01/01/2031: 11 |
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– Passenger vehicles and four-wheeled motor vehicles with 10 to under 16 seats | – From 01/01/2026: 2
– From 01/01/2031: 7 |
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– Passenger vehicles and four-wheeled motor vehicles with 16 to under 24 seats | – From 01/01/2026: 1
– From 01/01/2031: 4 |
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– Double-cabin pick-up vehicles and VAN-type motor vehicles with two or more rows of seats and a fixed partition between the passenger compartment and cargo compartment | – From 01/01/2026: 2
– From 01/01/2031: 7 |
1. This Law enters into force from the day on which it is ratified, except the regulations specified in Clause 2 of this Article.
2. Regulations on Articles 1, 2 and 3 of this Law enter into force from January 01, 2026.
This Law was ratified by the 15th National Assembly of the Socialist Republic of Vietnam during its 1st session on April 24, 2026.
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CHAIRPERSON OF THE NATIONAL ASSEMBLY Tran Thanh Man |
