Tax officials at Branch I are disseminating information to business households about the new points in Decree No. 141/2026/ND-CP amending and supplementing regulations on tax policies for business households, individuals, and small enterprises.
Mr. Tran Manh Cuong, Deputy Head of the Provincial Tax Department, stated: Government Decree No. 141/2026/ND-CP, dated April 29, 2026, amending and supplementing several articles of Decree No. 68/2026/ND-CP regulating tax policies for business households and individual businesses, and Decree No. 320/2025/ND-CP detailing several articles and measures to organize and guide the implementation of the Corporate Income Tax Law, contains many important new points that directly impact business households and enterprises. First, raising the taxable revenue threshold for business households and individual businesses from VND 500 million to VND 1 billion not only reduces the financial burden but also creates conditions for businesses to stabilize and develop. The decree clearly stipulates the application of electronic invoices according to revenue levels. Household and individual businesses with revenue exceeding 1 billion VND are required to use electronic invoices with tax authority codes or electronic invoices generated from cash registers connected to the tax authority's data system, contributing to increased transparency and modernization in management. In particular, the policy of exempting corporate income tax for businesses with revenue under 1 billion VND encourages household businesses to convert to corporate models, aiming for systematic management and expansion. Accordingly, Lai Chau province expects approximately 250 businesses to benefit from this policy.
To ensure the effective implementation of Decree No. 141/2026/ND-CP, the Provincial Tax Department issued directives and assigned specific tasks to specialized departments and affiliated units, ensuring the policy was implemented synchronously and effectively. Communication methods were innovated to be flexible, diverse, and suitable for each locality. In addition to direct communication methods, the Tax Department also promoted the application of technology, effectively utilizing digital platforms and social networks, and electronic portals to transmit information promptly, easily accessible, and understandable. Tax officials directly visited localities to provide specific guidance and thoroughly address any arising issues.
As the unit tasked with managing budget collection in 13 communes, encompassing a large geographical area with a dispersed population and limited access to policies, the Tax Department of Local Area III has flexibly applied many appropriate solutions to bring policies closer to taxpayers.
Mr. Duong Tuan Dung, Head of Tax Office III, stated: "Our unit is currently managing 2,069 business households and 196 operating enterprises. We are stepping up our efforts in disseminating information, providing direct guidance, and promptly resolving difficulties for taxpayers. The awareness and compliance with tax laws among business households and enterprises are gradually improving, contributing to the rapid implementation of policies and creating a foundation for a transparent, stable, and developing business environment."
Provincial tax officials exchanged information on professional matters related to the implementation of Decree No. 141/2026/ND-CP.
According to Mr. Nguyen Ngoc Trieu (a business owner in Pa So residential area, Phong Tho commune), Decree No. 141/2026/ND-CP has many new points and is consistent with business realities. This reduces pressure and motivates us to better fulfill our tax obligations. Tax officials also promptly reviewed and compiled a complete list of cases falling under the provisions of the decree, helping my family to repay or offset our tax obligations as required.
Prior to December 31, 2025, the Provincial Tax Department was managing over 8,000 business households and individuals. According to declared data, over 900 households had annual revenue of 500 million VND or more and were subject to taxation. However, with the issuance of Decree No. 141/2026/ND-CP, which raised the taxable revenue threshold to 1 billion VND, the number of business households subject to this threshold across the province decreased to just over 400.
The new tax policy not only resolves difficulties but also strengthens confidence and creates peace of mind for taxpayers. However, during the implementation process, some business households still have concerns, particularly regarding how revenue is determined for policy application. This is also an issue that the tax authorities will continue to focus on resolving in the coming period.
Source: https://baolaichau.vn/kinh-te/tiep-them-dong-luc-cho-ho-kinh-doanh-560627
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