Q&A: Implementing Decree for Resolution 198/2025/QH15 on Private Sector Tax Incentives Has Been Issued
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A small and medium enterprise in Ho Chi Minh City asked when the implementing decree for National Assembly Resolution 198/2025/QH15 dated 17/05/2025 (on special mechanisms and policies for private sector development) would be officially issued, as the draft had closed for public comment in September 2025 but no decree had been published by January 2026. The Ministry of Finance confirmed: On 15/01/2026, the Government issued Decree 20/2026/ND-CP providing detailed guidance on implementing certain articles of Resolution 198/2025/QH15. The Ministry instructed the company to study the Decree to properly apply its provisions for the 2025 tax year and subsequent years. This is key information for SMEs newly established in 2025 that have been waiting to apply tax incentives under Resolution 198/2025/QH15.
Company's Question
An SME in Ho Chi Minh City noted:
- Resolution 198/2025/QH15 took effect on 17/05/2025, providing special mechanisms and policies for private sector development
- The draft implementing decree had closed for public comment in September 2025
- By January 2026, no official decree had been issued, leaving newly established companies uncertain how to apply the incentives for the 2025 tax year
Ministry of Finance Response
On 15/01/2026, the Government issued Decree 20/2026/ND-CP providing detailed guidance on implementing certain articles of National Assembly Resolution 198/2025/QH15 dated 17/05/2025 on special mechanisms and policies for private sector development.
The Ministry instructed the company to study Decree 20/2026/ND-CP to correctly apply its provisions for:
- The 2025 tax year
- Subsequent tax years
Context
Resolution 198/2025/QH15 contains special incentive policies for private enterprises, particularly newly established ones. Decree 20/2026/ND-CP is the necessary implementing instrument allowing enterprises to lawfully apply these incentives.