Tax incentives to promote private sector development.

The Government issued Decree No. 20/2026/ND-CP detailing and guiding the implementation of a number of articles of Resolution No. 198/2025/QH15 dated May 17, 2025 of the National Assembly on a number of special mechanisms and policies for the development of the private economy.

Accordingly, corporate income tax will be exempted for 3 years for small and medium-sized enterprises registering for the first time starting from the tax year 2025.

Corporate income tax exemptions and reductions are offered to innovative startups and startup investment fund management companies, with a tax exemption of 2 years and a 50% reduction in tax payable for the following 4 years...

Regarding support for land and production space, provincial People's Committees are responsible for publicly disclosing the area of ​​cleared land in industrial parks and technology incubators specifically designated for small and medium-sized enterprises and high-tech enterprises.

The State supports investment in technical infrastructure for concentrated industrial zones and clusters for the private sector ; budget support capital is not included in the total investment capital of the investor to reduce land rental costs for businesses.

Businesses are allowed to allocate up to 20% of their taxable income to establish a Fund for the development of science , technology, innovation, and digital transformation.

Expenses for research and development (R&D) are fully deductible when determining taxable corporate income.

The state budget provides 100% support for training costs in business management and business startup for household businesses and small and medium-sized enterprises.

Source: https://baodanang.vn/uu-dai-thue-de-phat-trien-kinh-te-tu-nhan-3320827.html