Vietnam Proposes 30% Tax Cut for Micro-Businesses and Sole Proprietors
Economy

Vietnam Proposes 30% Tax Cut for Micro-Businesses and Sole Proprietors

Vietnam's government has proposed a 30% corporate income tax reduction for two years (2026-2027) for businesses and individuals with revenues not exceeding VND 10 billion. While this aims to ease cost pressures, some experts suggest raising the revenue threshold to VND 50 billion for broader coverage.

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