Startups are exempted from tax for the first 2 years, 50% for the next 4 years.

The Government has just issued Resolution No. 139/NQ-CP promulgating the Government's Plan to implement Resolution No. 198/2025/QH15 dated May 17, 2025 of the National Assembly on a number of special mechanisms and policies for private economic development (Plan).

Accordingly, the Government requested the Ministry of Finance to submit a document guiding the implementation of the policy of exempting corporate income tax for a period of 2 years and reducing 50% of payable tax for the next 4 years for income from innovative startup activities of innovative startups, companies managing innovative startup investment funds, and intermediary organizations supporting innovative startups.

Personal income tax and corporate income tax on income from the transfer of shares, capital contributions, capital contribution rights, rights to purchase shares, and rights to purchase capital contributions in innovative start-up enterprises are exempted. In addition, the Government exempts personal income tax for 2 years and reduces 50% of the tax payable for the next 4 years on income from salaries and wages of experts and scientists received from innovative start-up enterprises, research and development centers, innovation centers, and intermediary organizations supporting innovative start-ups.

Small and medium-sized enterprises are exempted from income tax for 3 years from the date of being granted the first Business Registration Certificate; training and retraining costs of large enterprises for small and medium-sized enterprises participating in the chain are included in deductible expenses to determine taxable income when calculating corporate income tax; to be completed in 2025.

Startups are exempt from income tax for the first two years. (Illustration photo)

The Ministry of Finance shall review, amend, supplement or report to competent authorities to amend and supplement relevant legal documents on business households and business individuals not applying the tax lump-sum method from January 1, 2026.

The Ministry of Finance submits to the Government a document guiding the policy for bidding packages for construction, goods procurement, and mixed bidding packages for goods supply and construction using the state budget with a package price of no more than VND 20 billion for small and medium-sized enterprises, with priority given to enterprises owned by young people, women, ethnic minorities, people with disabilities, and enterprises in mountainous, border, and island areas; to be completed in 2025.

In addition, the Resolution also clearly states support for research, development and application of science, technology, innovation and digital transformation; support for improving corporate governance capacity and human resource quality; support for the formation and development of medium and large enterprises, private economic groups of regional and global stature...

In this Resolution, the Government assigned the State Bank to submit a document guiding the state policy of supporting interest rates of 2%/year through the system of commercial banks for enterprises in the private economic sector, business households, and individual businesses to borrow capital to implement green, circular projects and apply the environmental, social, and governance (ESG) standards framework; to be completed in 2025.

The Ministry of Finance submits to the Government a document guiding the state policy of supporting interest rates of 2%/year through non-budgetary state financial funds for enterprises in the private economic sector, business households, and individual businesses to borrow capital to implement green, circular projects and apply the environmental, social, and governance (ESG) standards framework; to be completed in 2025.

Strictly handle acts of business harassment

For the same state management content, if an inspection has been conducted, no inspection activities shall be carried out, or if an inspection has been conducted, no inspection activities shall be carried out for enterprises, business households, or business individuals in the same year, except in cases where there are clear signs of violations.

"Strictly handle acts of abusing inspections to harass and cause difficulties for businesses and business households. Publicly announce inspection plans on the information portal so that the business community and business households know and coordinate implementation," the Resolution emphasized.

The Government also directed to promote online and remote inspection activities; prioritize inspections based on electronic data, minimizing direct inspections. Tools and solutions to provide early warnings to businesses and business households about risks of law violations based on the integration of management data and warnings from state management agencies are built and published on the unit's website and information portal. Agencies and units resolutely fight against counterfeit, pirated, and copyright infringement to protect the legitimate rights and interests of businesses and business households in accordance with the law.

The Ministry of Public Security completes the draft Decree guiding the Data Law to enhance data sharing, facilitating online and remote inspection and examination activities; to be completed in 2025.

The Ministry of Finance shall preside over and coordinate with sector management ministries to review the list of conditional business lines prescribed in the Investment Law to study and cut unnecessary conditional business lines, to be completed no later than December 31, 2026.

The Ministry of Industry and Trade shall promote the enforcement of the Competition Law and its guiding documents to ensure a fair, equal and transparent competitive environment among economic sectors; strictly handle acts of abusing dominant positions, monopolies and unfair competition; and improve the effectiveness of the National Competition Commission.

The Government requires reviewing and eliminating conditions that hinder the development of private enterprises before December 31, 2025. (Illustration photo)

Review and remove obstacles to private enterprise development

The Government requires ministries, branches and localities to improve the business environment, perfect mechanisms and policies on inspection, examination, licensing, certification, competition and business bankruptcy.

By December 31, 2025 at the latest, units must complete the review and elimination of unnecessary business conditions, overlapping and inappropriate regulations that hinder the development of private enterprises; reduce at least 30% of administrative procedure processing time, at least 30% of legal compliance costs, at least 30% of business conditions and continue to cut them sharply in the following years.

The Government requires thorough digital transformation to minimize administrative procedure processing time, legal compliance costs and business conditions in regulations on market entry and exit, land, planning, investment, construction, tax, customs, insurance, intellectual property, standards, regulations...; deploy the provision of public services to enterprises and business households regardless of administrative boundaries.

Ministries, branches and localities must ensure the completion of the goals and roadmap specified in Resolution No. 66/NQ-CP dated March 26, 2025 of the Government on the Program to reduce and simplify administrative procedures related to production and business activities in 2025-2026, and promptly review investment and business conditions to amend or propose to competent authorities to amend in order to fundamentally change business conditions in the form of licenses and certificates to implement the announcement of business conditions and improve the efficiency of post-inspection work, except for a few areas that are required to carry out licensing procedures according to international regulations and practices, to be completed in 2025 and 2026.

Ministries, sectors and localities shall review and classify inspection subjects; end the situation of overlapping, duplicate and prolonged inspections of the same content and field; the number of inspections at enterprises, business households and individual businesses, including inter-sectoral inspections, shall not exceed once a year, except in cases where an unscheduled inspection is required when there are clear signs of violations.

Source: https://baoquangninh.vn/doanh-nghiep-khoi-nghiep-duoc-mien-thue-2-nam-dau-50-cho-4-nam-tiep-theo-3358691.html