📑 New Legal Basis for VAT

📑 New Legal Basis for VAT (Effective 01/07/2025) 📑 New Legal Basis for VAT (Effective 01/07/2025) From 01/07/2025, the VAT legal system officially changes. Businesses must pay close attention to the following updates. 1️⃣ Main Legal Documents VAT Law 2024 (replaces 2008 Law, effective 01/07/2025). Decree 181/2025/ND-CP: detailed guidance on rates, credit, refund. Circular 69/2025/TT-BTC: [...] [...]

Procedures for tax declaration, settlement and refund apply from September 3, 2025

Tax Declaration, Finalization & Refund Procedures Effective 03/09/2025 Tax Declaration, Finalization & Refund Procedures Effective 03/09/2025 📌 On 03/09/2025, the Ministry of Finance issued Decision 3078/QD-BTC announcing 104 administrative procedures that are new, amended, or supplemented in tax administration. The Decision is grounded in Circular 40/2025/TT-BTC and replaces a series of prior procedures to streamline [...] [...]

📌 E-Invoices: Key Updates Effective from 01/06/2025

📌 E-Invoices: Key Updates Effective from 01/06/2025 📌 E-Invoices: Key Updates Effective from 01/06/2025 On 01/06/2025, Decree 70/2025/ND-CP takes effect, amending important provisions of Decree 123/2020/ND-CP on e-invoices. This is a step toward greater transparency, tighter tax management, and support for businesses in the digital economy. 1️⃣ New Subjects & Concepts Foreign suppliers (e-commerce, digital [...] [...]

Late Payment — Can You Re-Claim Input VAT Deduction?

Late Payment — Can You Re-Claim Input VAT Deduction? 📌 Late Payment — Can You Re-Claim Input VAT Deduction? Effective 01/07/2025 (per Decree 181/2025/ND-CP): if a business misses the contractual payment deadline, it loses the right to deduct input VAT for that purchase and cannot claim it back later. 1) New Rules from 01/07/2025 For [...] [...]

⏰ Overtime from 200-300 hours/year – What should businesses pay attention to?

📌 Overtime 200–300 hours/year • Rules to know Key rules when employers arrange 200–300 overtime hours per year On 18/08/2025, the HCMC Department of Home Affairs issued Official Letter 2677/SNV-VLATLĐ on organizing overtime from over 200 up to 300 hours/year. Employers and employees should understand these rules to avoid violations. Local guidance in effect Legal [...] [...]

Decree 228/2025/ND-CP – Mandatory Audited Financial Statements

⚖️ Decree 228/2025/ND-CP • Mandatory Audited Financial Statements Enterprises subject to mandatory annual audit of financial statements – “Heavy” penalties Effective from 18/08/2025, Decree 228/2025/ND-CP tightens mandatory audits. Violations may incur administrative fines of up to VND 400 million. Effective date: 18/08/2025 Maximum penalty: VND 400 million 1️⃣ Wrong selection of audit firm (Article 27) [...] [...]

Fines of VND 10–20 Million for Failing to Issue E-Invoices Per Sale

Fines of VND 10–20 Million for Failing to Issue E-Invoices Per Sale Fines of VND 10–20 Million for Failing to Issue E-Invoices Per Sale Update: Aug 26, 2025 • Basis: Official Letter 3082/CT-PC dated Aug 12, 2025 The Tax Authority highlights the obligation to issue an e-invoice for every sale/service. Non-compliance may be fined up [...] [...]

Good News from the Corporate Income Tax Law 2025

SMEs: Good News from the Corporate Income Tax Law 2025 Small & Medium Enterprises: Good News from the Corporate Income Tax Law 2025 On 14/06/2025, the National Assembly passed Law No. 67/2025/QH15, effective from 01/10/2025. The new law introduces not just rates but also clear directions: stronger support for SMEs, incentives for high-tech–green economy–innovation, and [...] [...]

VAT Changes in Vietnam After July 1, 2025 – What Businesses Must Know

Effective date: July 1, 2025 • Prepared by MBA Audit Firm Quick navigation Agricultural goods, fertilizers & farm machinery (→ 5%) Items moving from 5% → 10% Temporary reduction 10% → 8% (to 31 Dec 2026) Input VAT & refunds Import VAT taxable value Action checklist for businesses 1) Agricultural goods, fertilizers & farm machinery [...] [...]

Tax Q&A for Household Businesses

From Presumptive Tax to Self-Declaration: Tax Q&A for Household Businesses Source: baochinhphu.vn Starting from June 1, 2025, the application of e-invoices generated from cash registers for household businesses with annual revenue over VND 1 billion is considered an appropriate policy. However, many households are still confused and need clear guidance. The Tax Department and experts [...] [...]