Two-Year CIT Exemption for Enterprises Converted from Household Businesses under Law No. 67/2025/QH15
RegHub explainer by New MarketerLast updated:
Based on:Luật số 67/2025/QH15; Nghị định số 320/2025/NĐ-CP - Ministry of Finance
This explanation was generated by AI and checked by an automated AI review, not by a human expert. It is not legal, tax or accounting advice and may contain errors. Check the official document before you rely on it.
The Ministry of Finance provides guidance on the two-year Corporate Income Tax (CIT) exemption applicable to enterprises converted from household businesses under Law No. 67/2025/QH15. The law takes effect from 1 October 2026 and applies from the 2025 tax period onward. To determine eligibility, the tax authority directs enterprises to assess their actual circumstances against the requirements set out in Decree No. 320/2025/ND-CP dated 15 December 2025, which provides detailed guidance for implementing the CIT Law.
Question
A company converted from a household business on 13 May 2025 - before Law No. 67/2025/QH15 was promulgated (14 June 2025) and before its effective date. The company asks whether it qualifies for the two-year CIT exemption/reduction for newly-converted enterprises.
Tax Authority Response
To determine eligibility for the two-year CIT exemption, the tax authority instructs the company to assess its actual situation against the detailed provisions in Decree No. 320/2025/ND-CP dated 15 December 2025 of the Government, which provides detailed guidance for implementing the CIT Law No. 67/2025/QH15.
The law applies from the 2025 tax period onward. Enterprises converting from household businesses may be eligible, but must confirm their specific circumstances against the conditions stipulated in Decree 320/2025/ND-CP.