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 [...] [...]

Tax Obligations for Individuals – Household Businesses – Small Enterprises

Tax Obligations for Individuals – Household Businesses – Small Enterprises (Updated regulations effective from June 2025) Comparison Table of Tax Obligations Applicable in the case of real estate rental by individuals, household businesses, and small enterprises (Criteria based on Article 5, Decree 80/2021/ND-CP on classification of small enterprises). No. Criteria Individual Household Business Small Enterprise [...] [...]

INDIVIDUALS RENTING HOUSES – BUSINESSES NEED TO PAY ATTENTION

📄 Individual House Rental – Can Companies Deduct Rent Expense for Tax? [...]

Decree 70/2025 on Invoices and Documents: Key Updates to Note

Decree 70/2025 on Invoices and Documents: Key Updates to Note Decree 70/2025 on Invoices and Documents: Key Updates to Note Decree 70/2025/ND-CP introduces significant changes to invoicing regulations. Businesses must update promptly to ensure compliance and avoid legal risks. Let MBA Audit Firm walk you through the highlights! 1. Scope of Application The Decree expands [...] [...]