LEGAL NEWSLETTER – MARCH 2026: KEY NEW REGULATIONS THAT BUSINESSES NEED TO KNOW
March 2026 recorded many significant legal changes across various areas, including taxation, environment, real estate, planning, fire prevention and fighting, and corporate bankruptcy. Among the most notable are the increase of the taxable revenue threshold for household businesses to VND 500 million per year and the adjustment of personal income tax deductions from 2026.
The article below summarizes the key highlights of the March 2026 Legal Newsletter to help businesses and individuals stay updated and proactively comply with legal regulations.
- Increase of Taxable Revenue Threshold for Household Businesses to VND 500 Million per Year
On March 5, 2026, the Government issued Decree No. 68/2026/ND-CP on tax policies and tax administration applicable to household businesses and individual business operators.
Under the new regulations, household businesses and individual business operators with annual revenue of VND 500 million or less are not subject to value-added tax (VAT) and personal income tax (PIT), replacing the previous threshold of VND 100 million per year. This change significantly reduces tax obligations for many small businesses and individual entrepreneurs.
In addition, e-commerce platforms are required to withhold, declare, and pay taxes on behalf of household and individual business operators for each transaction. Household and individual business operators must also notify tax authorities of bank accounts related to their business activities.
- Implementation of New Personal Income Tax Deductions from 2026
From the 2026 tax year, personal income tax deductions are substantially increased, helping to ease the tax burden on employees.
Specifically:
- VND 15.5 million per month for the taxpayer
- VND 6.2 million per month for each dependent
In addition, the progressive tax scale has been reduced to five tax brackets, simplifying tax calculations and enhancing transparency.
- Shortening Environmental Procedure Processing Time
Decree No. 48/2026/ND-CP amends regulations on environmental impact assessment, enhancing decentralization to local authorities and simplifying procedures.
Key requirements include:
- Certain small-capacity dust and exhaust gas treatment facilities are exempt from trial operation
- For projects with multiple similar exhaust gas treatment facilities, only the facility with the largest capacity must be assessed
These changes help businesses shorten project timelines and reduce compliance costs.
- Promoting Digitalization in Real Estate Procedures
Decree No. 54/2026/ND-CP amends regulations on housing and real estate business toward simplifying procedures and improving transparency.
Accordingly:
- Personal identification numbers may replace traditional documents where data connectivity is available
- Clear procedures are provided for selling or leasing houses to foreign organizations and individuals
- Methods for determining rental and sale prices of social housing and resettlement housing are supplemented
These changes contribute to accelerating digital transformation in the real estate sector.
- Clear Time Limits for Preparation and Appraisal of Planning Documents
Decree No. 70/2026/ND-CP specifies time limits for the preparation and appraisal of planning documents to improve the effectiveness of state management.
Key requirements include:
- National master planning: up to 24 months
- Regional and provincial planning: up to 18 months
- Planning appraisal: no more than 3 months
In addition, planning dossiers must be publicly disclosed at least 30 days prior to approval for public consultation.
- Expansion of Business Lines Subject to Security and Public Order Conditions
Decree No. 58/2026/ND-CP expands the list of business lines subject to security and public order conditions, including:
- Aesthetic and cosmetic services
- Tattooing, embroidery, and cosmetic pigmentation services
- Services involving direct intervention in the human body
Enterprises may also submit licensing applications online, helping to reduce time and compliance costs.
- Increased Penalties for Fire Prevention and Fighting Violations
Decree No. 69/2026/ND-CP strengthens administrative sanctions for violations related to fire prevention and fighting.
Accordingly:
- Chairpersons of commune-level People’s Committees are authorized to impose fines of up to VND 25 million
- Seriously violating establishments may be suspended from operation for 1 to 3 months
Businesses should review their fire prevention and fighting systems to ensure compliance and mitigate legal risks.
- Tightened Procedures for Post-Bankruptcy Asset Handling
Decree No. 64/2026/ND-CP provides detailed regulations on enforcement of bankruptcy declarations to enhance transparency in asset handling.
Key requirements include:
- Recovered amounts must be transferred to enforcement authority accounts within 15 days
- Valuation organizations must be selected within 10 days
- Asset administrators must submit quarterly reports (every 3 months)
These regulations improve governance and supervision over post-bankruptcy asset management.
Download the March 2026 Legal Newsletter
Clients may download the March 2026 Legal Newsletter to access full and detailed contents of each legal document and practical implementation guidance.
BNA Legal will continue to publish periodic legal updates to assist businesses and individuals in promptly understanding changes in the legal framework.
Should you require in-depth legal advice or assistance with legal compliance implementation, BNA Legal’s team of lawyers is always ready to support you.
Access the full newsletter here: BẢN TIN PHÁP LÝ THÁNG 3 - 2026
