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NEWSLETTER NOVEMBER 2025

2025-12-31
Newsletter

Some new points of Decree No. 310/2025/ND-CP issued by the Government on 2 December 2025, amending Decree No. 125/2020 on administrative penalties for tax and invoice violations, effective from 16 January 2026 Expansion of the concept of administrative violations related to taxation Article 1, Decree No. 310/2025/ND-CP expands the scope and further clarifies the concept of administrative violations related to taxation as follows: “1. Administrative tax violations refer to culpable acts committed by organizations and individuals in violation of regulations of the legislation on tax administration, tax legislation, and other revenues payable into the state budget collected by the tax...

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NEWSLETTER OCTOBER 2025

2025-11-26
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Circular 99/2025/TT-BTC of the Ministry of Finance on the accounting regime, effective from 1 January 2026  On 27 October 2025, the Minister of Finance issued Circular No. 99/2025/TT-BTC (“Circular 99”) providing guidance on the corporate accounting regime, replacing Circular No. 200/2014/TT-BTC dated 22 December 2014 of the Ministry of Finance on the corporate accounting regime and its amending and supplementing circulars; as well as Circular No. 195/2012/TT-BTC dated 15 November 2012 providing accounting guidance for project owners. This Circular applies to all enterprises operating in economic sectors in Vietnam, including parent companies, corporations, and dependent units, to ensure compliance with...

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NEWSLETTER SEPTEMBER 2025

2025-10-27
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Official Letter No. 4328/CT-CS dated 10 October 2025 of the Tax Department guiding supporting solutions for organizations, individuals, and enterprises suffering losses due to Storms No. 10, 11 and post-storm flooding – Tax payment extension: Eligible cases for extension: Entities that suffer serious damage directly affecting their production and business activities due to force majeure events. (Force majeure includes: taxpayers suffering serious damage due to natural disasters, catastrophes, epidemics, fires, unexpected accidents; and other force majeure cases as prescribed by the Government.) Extension duration: No more than 02 years from the tax payment due date. Requirements for extension: Taxpayers eligible...

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NEWSLETTER AUGUST 2025

2025-10-01
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Decree No. 219/2025/ND-CP issued by the Government on 7 August 2025, regulating foreign workers working in Vietnam, replacing Decree No. 152/2020/ND-CP and Decree No. 70/2023/ND-CP amending and supplementing Decree No. 152/2020/ND-CP Some notable new provisions of Decree No. 219/2025/ND-CP regarding foreign workers in Vietnam include: (1) The requirement of 3 years of experience for experts to obtain a work permit has been removed. According to Clause 3, Article 3 of Decree No. 219/2025/ND-CP, an expert is a person who: a) Hold a bachelor’s degree or higher (or equivalent) and have at least 2 years of relevant working experience; b) Hold...

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NEWSLETTER JULY 2025

2025-08-25
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Decision No. 61/QD-TLĐ 2025 dated 29 July 2025 on reducing trade union fee levels, effective from 1 July 2025, specifically as follows: For union members in grassroots-level trade unions of public service providers whose 100% salary is not paid by the State budget: the monthly trade union fee is 0.5% of the salary on which compulsory social insurance premiums are paid in accordance with the Law on compulsory social insurance. For union members in grassroots-level trade unions of state-owned enterprises (including trade unions of joint-stock companies where the state holds controlling shares): the monthly trade union fee is 0.5% of...

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NEWSLETTER JUNE 2025

2025-07-30
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Decree No. 174/2025/ND-CP dated 30 June 2025 stipulating the policy of reducing value added tax (“VAT”) according to Resolution No. 204/2025/QH15 dated 17 June 2025 of the National Assembly Reduce the VAT rate by 2%, applicable to groups of goods and services specified in Clause 3, Article 9 of the Law on Value Added Tax No. 48/2024/QH15 (from 10% down to 8%) except for the following groups of goods and services: Telecommunications, financial activities, banking, securities, insurance, real estate business, metal products, and mineral products (except coal), goods and services subject to special consumption tax (except gasoline).   The Resolution...

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NEWSLETTER APRIL 2025

2025-05-28
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Resolution No. 198/2025/QH15 dated 17 May 2025 on a number of special mechanisms and policies for the development of the private economy Exemption from corporate income tax (“CIT”) for a period of 02 years and a 50% reduction in the amount of tax payable for the following 04 years, applicable to income generated from innovative start-up activities of innovative start-up enterprises, innovative start-up investment fund management companies, and intermediary organizations supporting innovative start-ups. The duration of tax exemption and reduction shall be determined in accordance with the provisions of the law on CIT. Exemption from personal income tax (“PIT”) and...

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NEWSLETTER MARCH 2025

2025-04-24
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TAX MANAGEMENT New organizational structure of Vietnam’s Tax Department The organizational structure of the Tax Department has been reorganized according to Decision No. 381/QD-BTC dated 26 February 2025 of the Ministry of Finance, Decision No. 904/QD-BTC dated 3 March 2025 of the Ministry of Finance and Decision No. 15/QD-CT dated 3 March 2025 of the Tax Department. Accordingly, the Tax agency system is organized vertically from central to local levels according to a 3-level model: a) Tax Department (formerly the General Tax Department); b) Regional Tax Departments (Establishing 20 Regional Tax Departments to replace 63 Provincial/Municipal Tax Departments); c) District-level...

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NEWSLETTER FEBRUARY 2025

2025-03-28
Newsletter

Decree 70/2025/ND-CP dated 20 March 2025 amending Decree 123/2020/ND-CP dated 19 October 2020 regulating invoices and documents: Decree 70/2025/ND-CP of the Government (effective from 1 June 2025) amends and supplements Clause 1 and Clause 2, Article 9 of Decree 123/2020/ND-CP regarding the time of invoice issuance as follows: – The time of invoice issuance for the sale of goods (including the sale and transfer of public assets and the sale of national reserve goods) is the time of transfer of ownership or right to use the goods to the buyer, whether the payment of the invoiced amount is made or...

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