Draft Resolution dated July 17, 2025 of the Standing Committee of the National Assembly regarding the adjustment of family circumstance deductions under PIT
The current family circumstance deductions under PIT are as follows:
Decree No. 174/2025/NĐ-CP dated June 30, 2025 of the Government on the VAT reduction policy under Resolution No. 204/2025/QH15, effective from July 1, 2025 to December 31, 2026
VAT Reduction: A reduction of the VAT rate from 10% to 8% is applied for certain groups of goods and services. The reduction does not apply to:
Official Letter No. 2065/CT-NVT dated June 26, 2025 of the Tax Department on the implementation of using personal identification numbers in place of tax codes and using organizational electronic identification accounts in electronic tax transactions from 01 July 2025
From July 1, 2025, the personal identification number issued under the Law on Identity shall be used in place of the tax code for Vietnamese individuals. Additionally, the personal identification number of the head of a household, head of a household business, or individual businessperson will also be used instead of the tax identification number for those household businesses or individuals.
Decree No. 158/2025/NĐ-CP dated June 25, 2025, issued by the Government, provides detailed regulations and guidance on the implementation of certain articles of the Law on Social Insurance. The Decree takes effect from July 1, 2025.
(i) Household business owners who pay tax under the declaration method are required to participate in compulsory social insurance starting from July 1, 2025. Meanwhile, the roadmap specifies that other household business owners with registered businesses will be subject to compulsory participation from July 1, 2029 (Clause 2, Article 3 of Decree 158).
Resolution No. 204/2025/QH15 dated June 17, 2025 by the National Assembly on Value Added Tax (VAT) Reduction
On June 17, 2025 – At its 9th session, the 15th National Assembly officially passed Resolution No. 204/2025/QH15 on the reduction of Value Added Tax (VAT), continuing to support enterprises and promote domestic consumption.
Monthly newsletter in February and March 2025
VINA BOOKKEEPING would like to send readers the MONTHLY NEWSLETTER IN FEBRUARY AND MARCH 2025 (VIETNAMESE AND ENGLISH) Details of attachments are here
Decree No. 70/2025/NĐ-CP dated March 20, 2025, of the Government amending and supplementing a number of articles of Decree No. 123/2020/NĐ-CP on invoices and documents
Accordingly, Article 3 of this Decree stipulates the “Application of overdue tax debt thresholds and debt duration in cases of exit suspension,” specifically 04 cases:
Official Letter No. 634/CT-CS dated April 16, 2025 from the Tax Department providing guidance on the determination of deductible expenses in cases where the lessor has not yet met the conditions for leasing factory premises
In cases where a company leases factory premises for production and business activities but the lessor has not yet fulfilled the conditions required for leasing such premises, then pursuant to Article 4 of Circular No. 96/2015/TT-BTC dated June 22, 2015 issued by the Ministry of Finance (amending and supplementing Article 6 of Circular No. 78/2014/TT-BTC), the rental expenses or depreciation expenses of fixed assets being the factory premises (if depreciation is applied to the asset) are not eligible to be considered deductible expenses when determining the company’s taxable corporate income.
Official Letter No. 4370/BTC-DNTN dated April 5, 2025 by the Ministry of Finance guiding on business registration procedures in cases of changes to administrative boundaries
Pursuant to Decision No. 571/QĐ-TTg dated March 12, 2025, issued by the Prime Minister on the establishment of a Steering Committee for the reorganization of administrative units at all levels and the development of a two-tier local government model, the Ministry of Finance issues this official dispatch to provide specific guidance on business registration procedures in the event of administrative boundary changes.
Decree No. 90/2025/NĐ-CP dated April 14, 2025 of the Government amending and supplementing certain provisions guiding the implementation of the Law on Independent Audit
On April 2, 2025, the Government issued Decree No. 82/2025/NĐ-CP (“Decree 82”) on the extension of deadlines for the payment of value-added tax (VAT), corporate income tax (CIT), personal income tax (PIT), and land rental in 2025. This Decree takes effect from the date of signing (April 2, 2025) and remains in force until December 31, 2025.
Official Letter No. 140/CT-CS dated March 14, 2025 from the Tax Department regarding land lease expenses for land areas not yet used for business operations
In the case where a company incurs a one-time payment for land lease expenses covering the entire lease term, along with management fees, for land areas that have not yet been put into use for its business operations, such expenses shall not be considered deductible when determining corporate income taxable income at the time the land has not yet been utilized for production or business purposes.
Monthly newsletter in January 2025
VINA BOOKKEEPING would like to send readers the MONTHLY NEWSLETTER IN JANUARY 2025 (VIETNAMESE AND ENGLISH) Details of attachments are here
