News

Pursuant to current regulations, in order to unify the management of participant data through the use of Personal Identification Numbers (PIN) and Citizen Identification Numbers (CID), ensuring integration and synchronization of databases (DB) among agencies for administrative management purposes, and to facilitate individuals and enterprises in resolving administrative procedures, Vietnam Social Security guides provincial Social Security offices to use PIN/CID in replacement of SSN and unit management codes for participants of social insurance (SI) and health insurance (HI) as follows:

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:

VINA BOOKKEEPING is proud to receive a Certificate of Merit and a Commemorative Medal from the Vietnam Tax Consultants’ Association (VTCA) in recognition of our contributions throughout the over 17 years of VTCA

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.

(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).

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.

We are honored to announce that VBK has officially become a member of the Institute of Singapore Chartered Accountants (ISCA).

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: