🔵 Key Highlights of the 2025 Corporate Income Tax Law

🔵 Key Highlights of the 2025 Corporate Income Tax Law 🔵 Key Highlights of the 2025 Corporate Income Tax Law On June 14, 2025, the National Assembly passed the Corporate Income Tax Law No. 67/2025/QH15, effective from October 1, 2025, applicable for the 2025 tax year. According to Official Letter 849/DLA-NVDTPC (September 18, 2025) from [...] [...]

📌 Do Intern Students Have to Pay Social Insurance from July 1, 2025?

📌 Do Intern Students Have to Pay Social Insurance from July 1, 2025? 📌 Do Intern Students Have to Pay Social Insurance from July 1, 2025? 1️⃣ General Regulation According to the 2024 Social Insurance Law (effective July 1, 2025), individuals subject to compulsory social insurance are employees with a labor contract of one month [...] [...]

📑 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 [...] [...]