Politics

Lawmakers review taxable revenue threshold for household businesses

Law-makers on the morning of April 23 discussed in plenary a draft law amending and supplementing a number of articles of the laws on Personal Income Tax, Value-Added Tax, Corporate Income Tax, and Special Consumption Tax.

An overview of a plenary discussion at the first session of the 16th National Assembly (Photo: VNA)
An overview of a plenary discussion at the first session of the 16th National Assembly (Photo: VNA)

Hanoi (VNA) – Continuing the agenda of the first session of the 16th National Assembly, legislators on the morning of April 23 discussed in plenary a draft law amending and supplementing a number of articles of the laws on Personal Income Tax, Value-Added Tax, Corporate Income Tax, and Special Consumption Tax.

The draft proposes not stipulating specific revenue thresholds for exemption from personal income tax and value-added tax for household and individual businesses in the law, instead assigning the Government to set these levels. It also amends the Corporate Income Tax Law by adding a revenue threshold eligible for tax exemption, with the Government authorised to define the level and detail the exemption in line with Clause 15, Article 4 of Law No. 67/2025/QH15.

Another key issue is tax policy for battery-powered electric vehicles. The draft suggests extending the current special consumption tax rates for battery electric vehicles with fewer than 24 seats until the end of 2030.

The Government has proposed that the law take effect immediately upon adoption, while provisions related to personal income tax, value-added tax and corporate income tax would be applied retroactively from January 1, 2026 to ensure individuals and businesses benefit within the current fiscal year.

During the morning sitting, the National Assembly also heard a proposal on the legislature’s supervisory programme for 2027 and subsequently discussed the matter.

In the afternoon, lawmakers are scheduled to convene in plenary to vote on some draft laws and resolutions, including amendments to the Law on Access to Information, Capital Law, Law on Civil Status, Law on Notarisation, Law on Legal Aid, Law on Emulation and Commendation, and Law on Belief and Religion, as well as a resolution on coordination mechanisms and special policies to improve the efficiency of preventing and settling international investment disputes, and amendments to the law governing Vietnam’s overseas representative missions.

The legislature will then hear reports summarising voters’ opinions and petitions submitted to the session, along with a report on the supervision of the settlement of voters’ petitions sent to the 10th session of the 15th National Assembly, followed by a plenary discussion on the matter./.

VNA
#16th National Assembly #Personal Income Tax #Value-Added Tax #Law on Belief and Religion
Follow VietnamPlus

National Assembly Election

Vietnam - New era

Related News

NA to debate amendments to four tax laws to support businesses, citizens

NA to debate amendments to four tax laws to support businesses, citizens

On the morning of April 23, the National Assembly is scheduled to discuss amendments and supplements to four tax-related laws including the Law on Personal Income Tax, the Value Added Tax Law, the Corporate Income Tax Law and the Special Consumption Tax Law. The move is intended to help address difficulties faced by businesses and citizens.

See more

Nguyen Viet Duc, Vice President of the Union of Vietnamese Associations in Germany, delivers remarks at the working session. (Photo: VNA)

Vietnamese community in Germany strengthens connectivity

Solidarity, mutual support, and resilience remain key characteristics of the Vietnamese community in Germany, with Vietnamese people continuing to value family, prioritise education, make continuous efforts to integrate into host society, and preserve cultural identity while maintaining ties with their homeland.

Ambassador Mai Phan Dung and WTO Director-General Ngozi Okonjo-Iweala in a meeting. (Photo: VNA)

Vietnam continues to contribute effectively to multilateral mechanisms: Ambassador

With a solid foundation of political stability, a clear development orientation, and strong international support, Vietnam is well-positioned to continue enhancing its role in multilateral forums, contributing actively to addressing global challenges, and realising its aspiration to become a high-income, developed country by 2045.

Ambassador Do Hung Viet (centre) and Chairman of the Presidium of the Central Committee of the Japanese Communist Party Shii Kazuo (third from the left) and other delegates pose for a group photo (Photo: VNA)

Vietnam values growing ties with Japan: diplomat

Vietnam attaches great importance to the increasingly close and effective Comprehensive Strategic Partnership with Japan, as well as the close and foundational ties between their Communist Parties, Ambassador Do Hung Viet has said.

Minister Counsellor Nguyen Hoang Nguyen, Deputy Permanent Representative of Vietnam to the UN addresses the session (Photo: VNA)

Vietnam calls for de-escalation of tension in Middle East

Minister Counsellor Nguyen Hoang Nguyen, Deputy Permanent Representative of Vietnam to the UN reaffirmed Vietnam’s consistent stance of supporting the Palestinian people’s right to self-determination, Palestine’s UN full membership, and the two-state solution based on pre-1967 borders, in accordance with international law and relevant UN resolutions.

Vietnamese Ambassador to Algeria Tran Quoc Khanh (R) meets with Annaba Governor Abdelkrim Lamouri. (Photo: VNA)

Vietnam promotes multifaceted cooperation with Algerian locality

Ambassador Tran Quoc Khanh affirmed that Vietnam attaches importance to its relationship with Algeria and wishes to expand cooperation with localities, including Annaba, particularly following the elevation of bilateral ties to a Strategic Partnership in November 2025.

Deputy Minister of Foreign Affairs Le Thi Thu Hang, head of the Vietnamese delegation to the 11th NPT Review Conference, addresses the roundtable discussion on April 29. (Photo published by VNA)

Vietnam chairs roundtable on peaceful use of nuclear energy

Deputy Minister of Foreign Affairs Le Thi Thu Hang called for strengthened international cooperation in nuclear applications, with a focus on capacity-building, training, technology transfer and mobilisation of sustainable financial resources to support long-term development goals.

Representatives of Vietnam's Engineering Unit Rotation 4 present gifts to pupils at the Abyei secondary school. (Photo: qdnd.vn)

Vietnam's Engineering Unit Rotation 4 marks new milestone in Abyei

Vietnam's Engineering Unit Rotation 4 recently completed upgrading the Abyei – Agok road, which holds special strategic significance for the United Nations Interim Security Force for Abyei (UNISFA) as local authorities and residents have always longed for convenient transportation links between the North and the South.

The 80th session of the UN General Assembly elected members of the UN Human Rights Council for the 2026–2028 term at the UN headquarters on October 14, 2025 (New York time). Vietnam was elected to this position with 180 votes, the highest among the Asia-Pacific candidates. (Photo: VNA)

Vietnam makes imprints in human rights protection, promotion

As a UNHRC member during 2026–2028, Vietnam has been acting in accordance with some main orientations, including actively and proactively contributing to the UNHRC’s activities, enhancing the council’s efficiency; and fully participating in all regular and special sessions of the council.

Poldi Sosa Schmidt, Chairwoman of the Argentina-Vietnam Culture Institute. (Photo: VNA)

Argentine friend lauds Vietnam’s development achievements

Schmidt, who has supported Vietnam for more than six decades and visited the Southeast Asian nation nearly 30 times, highlighted Vietnam’s achievements in poverty reduction, infrastructure development and deep international integration, particularly through participation in multiple free trade agreements (FTAs).

Prime Minister Le Minh Hung orders bold reforms to unlock resources, drive double-digit growth at the working session with the Ministry of Agriculture and Environment on April 29, 2026. (Photo: VNA)

PM orders bold reforms to unlock resources, drive double-digit growth

The PM called for continued streamlining of the apparatus, improved governance, and deeper decentralisation, alongside reforms to address bottlenecks in land, environment and minerals. He also urged more flexible rice land policies to allow conversion of inefficient areas while safeguarding food security.