Applicable Corporate Income Tax Rates in Vietnam
The amendment to Law on Corporate Income Tax of Vietnam (Law No. 67/2025/QH15) official came into force on 1 October 2025. According to the revised Law on Corporate Income Tax, the standard tax rate for corporate income tax in Vietnam remains at 20%, but different tax rates may apply depending on factors such as the size, industry and location of the enterprise. The current applicable corporate income tax rates in Vietnam mainly include:
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Standard Tax Rate
The standard tax rate for corporate income tax in Vietnam is 20%, which applies to all enterprises that do not eligible for the preferential tax rate.
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Preferential Tax Rate for SME
Eligible small and medium-sized enterprises (SMEs) may enjoy the following preferential tax rates:
(1) Enterprises with total annual revenue not exceeding VND3 billion: 15%.
(2) Enterprises with total annual revenue exceeding VND3 billion but not exceeding VND50 billion: 17%.
However, it should be noted that the above preferential tax rates do not apply to small enterprises affiliated with large enterprises that do not meet the SME criteria. And the total annual revenue stated above refers to the total revenue for the preceding corporate income tax period.
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Tax Rate for Special Industry
For example, the tax rate applicable to income generated from oil and gas exploration and exploitation is from 25% to 50%. The tax rate applicable to income generated from rare resource exploration and exploitation (such as platinum, gold, silver, tin, tungsten, antimony, gemstones, rare earths, and other rare resources stipulated by law) is 50%.
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Preferential Tax Rate for Specific Region
For example, newly built investment projects located in extremely impoverished regions can be eligible for a 10% preferential corporate income tax rate for a period of 15 years if they meet the relevant conditions. However, global minimum tax rules may affect the availability of preferential tax rate.
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