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What Nghị quyết 198/2025/QH15 brings for new companies

On 17 May 2025 the National Assembly issued Nghị quyết 198/2025/QH15 (Resolution 198/2025) on special mechanisms and policies for developing the private economy. The resolution adds tax reliefs for small and medium enterprises and innovative start-ups, and caps the number of inspections and audits of every enterprise and household business; it took effect on the day it was adopted (clause 1 of article 17).

Since 1 January 2026 enterprises no longer pay the thuế môn bài (the annual business licence fee): it has been abolished. The tax provisions are in article 10: exemption from or reduction of corporate and personal income tax, the thuế khoán (presumptive tax) method, which no longer applies to household and individual businesses, and the licence fee, abolished, both from 1 January 2026; article 4 caps inspections and audits in a year.

Exemption and reduction of corporate and personal income tax

Innovative start-ups, innovative start-up fund management companies and intermediary organisations supporting innovative start-ups are exempt from thuế TNDN (corporate income tax) for two years and pay half the tax due for the following four years, on income from innovative start-up activity.

Income from transferring shares, capital contributions, rights to contribute capital, rights to buy shares or rights to buy capital contributions in an innovative start-up is exempt from both thuế TNCN (personal income tax) and corporate income tax.

Experts and scientists receiving salary from an innovative start-up, a research and development centre, an innovation centre or an intermediary organisation supporting innovative start-ups are exempt from personal income tax for two years and pay half for the following four years.

Small and medium enterprises are exempt from corporate income tax for three years from the date they are first issued their enterprise registration certificate (clause 4 of article 10), from the 2025 tax year. Under clause 3 of article 7 of Nghị định 20/2026/NĐ-CP (Decree 20/2026), the relief does not apply to a new enterprise formed by merger, consolidation, division, separation, change of owner or conversion of form; to a new enterprise whose legal representative (where that person is also a capital contributor), general partner or largest contributor held one of those roles in another enterprise still operating or dissolved less than 12 months earlier; or to the income listed in clause 3 of article 18 of Luật Thuế thu nhập doanh nghiệp 67/2025/QH15 (the Corporate Income Tax Law).

Beyond these reliefs, from 2026 an enterprise with total annual revenue of 1 billion đồng or less is exempt from corporate income tax, unless it is a subsidiary or associated company of an enterprise that does not itself qualify (clause 15 of article 4 of Nghị định 320/2025/NĐ-CP, Decree 320/2025, added by Nghị định 141/2026/NĐ-CP); and for the 2026 and 2027 tax years an enterprise with annual revenue of no more than 10 billion đồng has its corporate income tax cut by 30%, except an enterprise formed by division or separation after 24 August 2026 where the resulting enterprises together have revenue above 10 billion đồng (clause 2 of article 1 of Nghị quyết 43/2026/QH16).

The licence fee is abolished and presumptive tax no longer applies

Collection of the lệ phí môn bài (annual business licence fee) ceased on 1 January 2026 (clause 7 of article 10): enterprises and household businesses no longer declare or pay it.

Also from 1 January 2026, household and individual businesses no longer use the thuế khoán (presumptive tax) method and pay tax under the tax administration law (clause 6 of article 10).

Support in reaching investment programmes, and the cap on inspections

Small and medium enterprises are given priority access to support programmes for innovation investment, digital transformation and the green economy. The level of support and the conditions of each programme are published by the managing authority and change from period to period, which is why we do not quote a figure here: when you prepare your file, ask us directly and we will check which programme applies to your case.

Under clauses 1 and 2 of article 4 of the resolution, every enterprise, household business and individual business may be inspected no more than once a year and audited no more than once a year, unless there is clear evidence of a breach.

How small and medium enterprises are defined

Nghị định 80/2021/NĐ-CP of 26 August 2021 (Decree 80/2021) classifies small and medium enterprises by sector, by the average annual number of employees participating in social insurance, by total revenue and by total capital. The sector is determined by the main registered line of business.

Micro enterprise: in agriculture, forestry, fisheries, industry and construction, an average of no more than 10 employees, with annual revenue of no more than 3 billion đồng or capital of no more than 3 billion đồng. In trade and services, an average of no more than 10 employees, with annual revenue of no more than 10 billion đồng or capital of no more than 3 billion đồng.

Small enterprise: in agriculture, forestry, fisheries, industry and construction, an average of no more than 100 employees, with annual revenue of no more than 50 billion đồng or capital of no more than 20 billion đồng, and not a micro enterprise. In trade and services, an average of no more than 50 employees, with annual revenue of no more than 100 billion đồng or capital of no more than 50 billion đồng, and not a micro enterprise.

Medium enterprise: in agriculture, forestry, fisheries, industry and construction, an average of no more than 200 employees, with annual revenue of no more than 200 billion đồng or capital of no more than 100 billion đồng, and neither a micro nor a small enterprise. In trade and services, an average of no more than 100 employees, with annual revenue of no more than 300 billion đồng or capital of no more than 100 billion đồng, and neither a micro nor a small enterprise.

Company formation in Gia Lai: procedure and cost

Since 1 July 2025, company formation files in Gia Lai, covering Quy Nhơn, Pleiku and the communes and wards of the new Gia Lai province, go to Sở Tài chính tỉnh Gia Lai (the provincial Department of Finance), Phòng Doanh nghiệp và Kinh tế tập thể (its Enterprise and Collective Economy Division), at 181-183 Lê Hồng Phong, Phường Quy Nhơn, telephone 0256.3903666.

Tư Vấn Sao Việt drafts the file, files it and collects the result on your behalf, and delivers the enterprise registration certificate to you. All-inclusive company formation costs 2.000.000 đồng, with the licence in three working days. There is an express package that returns the licence in one day, with a surcharge agreed case by case.

Once the enterprise registration certificate is issued, the enterprise needs to have its seal made, register a digital signature, issue e-invoices and arrange accounting. Tư Vấn Sao Việt's all-inclusive accounting service starts at 500.000 đồng a month.

The process

1. Settle the company details Settle the company name, the head office address, the charter capital, the company form and the business lines.
2. Draft and file the enterprise registration File with Sở Tài chính tỉnh Gia Lai, Phòng Doanh nghiệp và Kinh tế tập thể.
3. Receive the enterprise registration certificate Processing takes three working days in ordinary circumstances.
4. Seal, digital signature, e-invoices Complete the post-registration steps so that the enterprise can invoice and operate.