Lam Dong Enterprises and the "new breeze" from Resolution 198

(LĐ online) - On the afternoon of June 12, at the June Entrepreneurs Coffee program, the Lam Dong Young Entrepreneurs Association coordinated with the Tax Department of Region XIII to organize a dialogue to share about tax support policies according to Resolution 198/2025/QH15. Attending and directly answering questions from businesses were 2 Deputy Heads of the Tax Department of Region XIII, Mr. Tran Phuong and Ms. Nguyen Thi Tuyet Anh.

Scene of the dialogue

● ''NEW WIND'' FROM RESOLUTION 198

The program introduced Resolution No. 198/2025/QH15 on a number of special mechanisms and policies for private economic development; including new tax policies, effective from May 17, 2025. It clearly stipulates mechanisms and policies to improve the business environment, support access to land, production and business premises, house rental, land that is public property; support finance, credit, public procurement; support science, technology, innovation, digital transformation and human resource training; support the formation of medium and large enterprises, pioneering enterprises.

Regarding the principles of inspection, examination, licensing, certification, competition and access to resources for enterprises, business households and business individuals, the Resolution stipulates: The number of inspections for each enterprise, business household and business individual (if any) must not exceed once a year, except in cases where there are clear signs of violations; this provision also applies similarly to inspection activities.

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. The plan and conclusion of inspection and examination of enterprises, business households, and business individuals must be made public in accordance with the provisions of law.

At the same time, strictly handle acts of abuse and exploitation of inspection and examination to harass and cause difficulties for enterprises, business households and business individuals. Strongly apply digital transformation in inspection and examination activities for enterprises, business households and business individuals. Prioritize remote inspection and examination based on electronic data; reduce direct inspection and examination.

Regarding financial and credit support, the Resolution clearly states: Enterprises in the private economic sector, business households, and individual businesses are supported by the State with an interest rate of 2%/year when borrowing capital to implement green, circular projects and apply the environmental, social, and governance (ESG) standards framework.

The Small and Medium Enterprise Development Fund performs the following functions: Lending to small and medium enterprises; lending to startups; providing initial capital for innovative startup projects and incubator construction projects; investing in local investment funds and private investment funds to increase capital supply for small and medium enterprises and innovative startups; receiving and managing loans, sponsorships, aid, contributions and trusts from organizations and individuals to support small and medium enterprises.

Tax industry leaders answer questions from businesses related to Resolution 198

Regarding tax, fee and charge support, the Resolution stipulates: Exemption from corporate income tax for 2 years and 50% reduction of tax payable for the next 4 years for income from innovative start-up activities of innovative start-up enterprises, innovative start-up investment fund management companies, and intermediary organizations supporting innovative start-ups.

The determination of tax exemption and reduction periods shall be implemented in accordance with the provisions of the law on corporate income tax. Exemption from 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.

Exemption from personal income tax for 2 years and 50% reduction in tax payable for the next 4 years for income from salaries and wages of experts and scientists received from innovative startups, research and development centers, innovation centers, and intermediary organizations supporting innovative startups.

Exemption from corporate income tax for small and medium enterprises for 3 years from the date of issuance of the first Business Registration Certificate. Costs of training and retraining human resources of large enterprises for small and medium enterprises participating in the chain are included in deductible expenses to determine taxable income when calculating corporate income tax.

Business households and business individuals shall not apply the lump-sum tax method from January 1, 2026. Business households and business individuals shall pay taxes according to the law on tax administration; stop collecting and paying business license fees from January 1, 2026; exempt organizations, individuals and businesses from collecting fees and charges for documents that must be reissued or replaced when restructuring the state apparatus according to the provisions of law.

Pham Nguyen Ngoc Duy - Chairman of Lam Dong Young Entrepreneurs Association, Director of Ngoc Duy Artichoke Tea Company shares about new opportunities for businesses from Resolution 198

In Lam Dong, private economic workers welcomed the Resolution with confidence and expectation that the upcoming business environment will be open and transparent, creating a premise for the private enterprise sector to develop strongly.

Mr. Pham Nguyen Ngoc Duy - Chairman of Lam Dong Young Entrepreneurs Association, Director of Ngoc Duy Artichoke Tea Company shared: Resolution 198 clearly shows the special attention of the Party and State to the private economic sector, considering it an important driving force for the country's development in the new era.

The Chairman of the Lam Dong Young Entrepreneurs Association said that this is a great opportunity for the private sector to grasp. Resolution 198 is being welcomed by the provincial business community with high expectations.

Business representatives asked questions to the leaders of the Tax Department of Region XIII at the dialogue session.

● DIRECT DIALOGUE WITH TAX INDUSTRY

In the live dialogue section, a series of questions were raised by businesses and answered by the leaders of the Tax Department of Region XIII with many contents considered "hot".

There were 13 questions sent to the tax sector and attracted the attention and discussion of the young business community such as: What tax policies will be in the future to truly promote the development of the digital ecosystem for Lam Dong enterprises and the connection between ecosystems in different localities? What types of real estate transfer taxes need to be considered and noted according to the new regulations; What should veterinary medicine businesses do to make standard declarations when there are too many types of goods and imported from many sources; In Chapter 3, Article 8 of Resolution 198 on support for renting houses and land that are public assets, unused or not used locally, so what are the procedures for registering to rent, hoping that all levels will consider supporting (not in the tax field)...

For newly established enterprises in 2025, what types of taxes are included and what should be noted? What is the policy on reducing corporate income tax for the agricultural sector? Advantages and difficulties when converting from a business household to an enterprise...

Mr. Tran Phuong - Deputy Head of Tax Department, Region XIII directly answered questions from businesses.

Speaking at the Conference, Mr. Tran Phuong - Deputy Head of Tax Department of Region XIII highly appreciated the professionalism, sense of responsibility and important role of the Young Entrepreneurs Association in supporting taxpayers, being an important bridge between tax authorities and taxpayers through activities of policy dissemination, consulting, training and providing accounting, auditing and tax services.

Thanks to timely and practical support from the Young Entrepreneurs Association, taxpayers have gradually improved their compliance with tax obligations, accounting and auditing laws, reduced costs, and spent more time focusing on production and business activities; tax authorities have also improved the effectiveness and efficiency of state management.

Resolution No. 198/2025/QH15 on a number of special mechanisms and policies for private economic development with breakthrough tax incentives, eliminating lump-sum tax in 2026; along with the goal of having over 2 million enterprises by 2030. This is a great opportunity for the private sector to make a breakthrough, at the same time, it also poses challenges and opportunities for development of professional tax consulting, accounting and auditing services for hundreds of thousands of converted business households and newly established enterprises.

With the spirit of responsible cooperation, solid expertise and dedication to the development of the business community, the Young Entrepreneurs Association and the tax sector will continue to accompany and be the core force with the financial sector to contribute to the successful realization of the goals of the Party and State resolutions to develop the private economy quickly, sustainably and effectively, as the most important driving force of the national economy, bringing the country to prosperous development.

Source: https://baolamdong.vn/kinh-te/202506/doanh-nghiep-lam-dong-va-lan-gio-moi-tu-nghi-quyet-198-6070ac9/