Hanoi, April 30 -- The Government has raised the tax-exempt revenue threshold for household businesses to 1 billion VND (38,000 USD) per year, from the current 500 million USD, to support small businesses, according to a newly-issued policy.

Under Decree No. 141/2026/ND-CP, the household businesses with annual revenue of 1 billion VND or less will not have to pay personal income tax and value-added tax.

The new decree also regulates a similar tax-free revenue threshold of 1 billion VND per year for small enterprises.

However, the tax exemption does not apply to those that have affiliated relationships or are subsidiaries of other enterprises that do not meet the conditions.

For household businesses with revenue above 1 billion VND, th...