RESOLUTION 68: ABOLISHING BUSINESS LICENSE FEES AND EXEMPTING CORPORATE INCOME TAX FOR SMALL AND MEDIUM ENTERPRISES IN THEIR FIRST THREE YEARS OF ESTABLISHMENT

On May 4, 2025, the Politburo issued Resolution 68-NQ/TW on the development of the private economy, introducing a range of breakthrough measures aimed at reforming the business environment and enhancing the role of enterprises. Accordingly, the resolution includes several notable provisions as follows: