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The Circular provides detailed instructions on accounting vouchers, accounting accounts, bookkeeping, preparation, and presentation of financial statements for enterprises. The determination of a company’s tax obligations to the State Budget shall comply with the provisions of tax law. This Circular applies to all enterprises across various sectors and economic components. Credit institutions and branches of foreign banks shall implement the accounting regime or relevant legal documents on accounting in accordance with the guidance of the State Bank of Vietnam.

VINA BOOKKEEPING would like to send readers the MONTHLY NEWSLETTER IN DECEMBER 2025 (VIETNAMESE AND ENGLISH) Details of attachments are here

Official Letter No. 01/TCS14-QLDN1 dated 05 January 2026 issued by Tax Sub-department 14 of Ho Chi Minh City guidance that where a company pays salaries of VND 5 million or more

In the case of manufacturing, trading, or service enterprises in the ordinary course of business (i.e. entities that are not credit institutions or licensed foreign-exchange trading agents) which earn foreign-currency revenue from overseas sources (such as export of goods, provision of services, or receipt of payments in foreign currency) and subsequently sell (convert) such foreign currency into Vietnamese Dong through commercial banks:

Amended VAT Law 2025: Abolition of the condition linking VAT refunds to the seller’s declaration and tax payment; increase of the VAT exemption revenue threshold for household businesses to VND 500 million per year

Decree No. 320/2025/ND-CP dated December 15, 2025 of the Government detailing a number of articles and organizational measures, and providing guidance on the implementation of the Law on Corporate Income Tax

Official Letter No. 10861/BNV-CLV – Guidelines on Salary Payment to Foreign Employees working under “intra-company transfer” On November 19, 2025, the Ministry of Home Affairs issued Official Letter No. 10861/BNV-CVL in response to the Advisory Council for Administrative Procedure Reform under the Prime Minister and the Japan Chamber of Commerce and Industry in Vietnam (JCCI)

One of the notable changes introduced under this Decree concerns the penalty framework for issuing invoices not in accordance with the prescribed timing, specifically:

the Hue City Tax Department provides guidance on the time to declare personal income tax in the case of salary payment for multiple-month at the same period. The content of the guide is as follows: