The National Assembly on May 17, 2025, passed Resolution 198/2025/QH15 outlining special mechanisms and policies for private economic development. On the same day, the government issued Resolution No. 139/NW-CP, promulgating the government鈥檚 plan to implement the resolution.
Resolution 198/2025/QH15 aims to support enterprises, business households, and individuals through various tax-related measures.聽
- Inspection and audit policies: The resolution limits inspections and audits to once a year unless there are clear violations. Tax audits are exempted for compliant entities.
- Land and premises support: High-tech and innovative start-ups can receive a 30% reduction in land sublease payments for the first five years.
- Financial and credit support: A 2% interest rate subsidy is available for loans related to green and circular projects.
- Tax exemptions and reductions:
- Corporate income tax: Exemptions for two years and 50% reductions for the next four years for innovative start-ups. Three-year corporate income tax exemptions for small and medium-sized enterprises.
- Individual (personal) income tax: Exemptions for individual investors and reductions for experts and scientists involved in innovative start-ups.
- Support for science and technology: Enterprises can allocate 20% of their corporate income tax assessable income to science and technology funds and deduct 200% of research and development (R&D) expenses.
- Formation of medium and large enterprises: The state supports the development of pioneering enterprises through national projects and international market access programs.
The resolution takes effect upon ratification.
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