MONTH 05-2025
New Regulations on Report on Contributed Charter Capital of Public Companies (Circular 19/2025/TT-BTC): Standardizing Transparency and Impact on Enterprises
The new regulation on reporting contributed charter capital of public companies in Circular 19/2025/TT-BTC is an important highlight, especially because previously (in Circular 118/2020/TT-BTC or related documents) there were no detailed and standardized regulations on preparing and submitting this report. The new regulation not only enhances the transparency and responsibility of public companies but also has a reference impact on other enterprises in managing and reporting charter capital.
Register electronic identification for agencies, organizations (enterprises, companies)
According to Decree 69/2024/ND-CP, businesses in Vietnam need to complete the registration of electronic identification accounts before July 01, 07. This is an important step for businesses to have a "citizen identification" in the digital environment, helping to reduce costs, time for processing administrative procedures and improve operational efficiency.
To ensure continuous business operations, fully comply with current legal regulations, Expertis advises organizations and individuals to promptly register for identification accounts before the prescribed deadline.
MONTH 04-2025
Tax Department recommends on the issue of fulfilling tax obligations when ceasing business operations
Tax Department recommends on the issue of fulfilling tax obligations when ceasing business operations Accordingly, the request:
1- Individuals who are business owners, representatives of businesses, business individuals, representatives of business households that have ceased operations but have not completed the procedures to terminate the validity of tax codes, businesses, business households, and business individuals that have issued invoices and then abandoned their business addresses but have not declared taxes, have under-declared taxes, or still owe taxes, should urgently contact the tax authority directly in charge to complete their obligations to declare and pay taxes to the state budget.
2- Actively cooperate with tax authorities to fulfill the above tax declaration and payment obligations as a basis for taxpayers to overcome and fulfill their obligations to the state budget, avoiding risks and dangers of being handled by competent state agencies according to the provisions of law.
In case of not receiving proactive cooperation from taxpayers, the tax authority will publicize the list of taxpayer information according to the provisions of the Law on Tax Administration; at the same time, consolidate and complete the dossier to request the police agency to investigate, prosecute and strictly handle according to the provisions of law.
Extension of time for paying taxes and land rent in 2025
Extending the deadline for paying value-added tax, corporate income tax, personal income tax and land rent in 2024. Some things to pay attention to are as follows:
– VAT payment deadline extension: February 2 no later than September 2025, 20, March 09 no later than October 2025, 3, April 2025 no later than October 20, 10, May 2025 no later than November 4, 2025, June 20 no later than December 10, 2025, Quarter I/5 no later than October 2025, 20 and Quarter II/11 no later than December 2025, 6.
– Corporate income tax payment deadline extension: The provisional corporate income tax payment for the first and second quarters of 2025 is extended by 5 months from the end of the tax payment deadline as prescribed. Specifically: Quarter I/2025: No later than August 30, 8; Quarter II/2025: No later than November 2025, 30..
– Subjects eligible for extension: Manufacturing and business enterprises in economic sectors (See detailed sectors in the article) and small and micro enterprises determined according to the provisions of the Law on Support for Small and Medium Enterprises 2017.
MONTH 03-2025
Guidance on the implementation of the Decree amending Decree 132/2020/ND-CP on tax management for enterprises with related-party transactions
Decree 20/2025/ND-CP, issued on February 10, 02, effective from March 2025, 27, amends and supplements a number of articles of Decree 03/2025/ND-CP to perfect tax management regulations for enterprises with related-party transactions., points to note are as follows:
+ The conditions for determining the relationship through guarantee or loan are clarified, with the loan capital threshold being at least 25% of the owner's equity and accounting for over 50% of the total medium and long-term debt. However, this does not apply to credit institutions operating under the Law on Credit Institutions if there is no relationship of management, control, or capital contribution, accordingly:
In case the enterprise has no related-party relationship and does not have related-party transactions as prescribed in Decree 132/2020/ND-CP and Decree 20/2025/ND-CP, the non-deductible interest expense that has not been transferred to the following tax periods up to the end of the tax period of 2023 shall be evenly distributed to the following tax periods for the remaining period according to the provisions on the time for transferring interest expense at Point b, Clause 3, Article 16 of Decree 132/2020/ND-CP (up to 5 years according to Point b, Clause 3, Article 16 of Decree 132/2020).
New organizational structure of the Tax Authority from 01/03/25: 3-level Tax Department, 20 regional Tax Branches, with additional E-commerce Tax Branch
From March 01, 03, there will no longer be a General Department of Taxation. The Tax Department will be organized from the central to local levels according to a 2025-level model. details are as follows:
1. The Tax Department has 12 units at the Central level, including the E-commerce Tax Department.
2. Local Tax Departments are organized into 20 regions. Names, headquarters and management areas of regional Tax Departments are listed below.
3. Tax Teams of districts, towns, cities under provinces, centrally-run cities, inter-district Tax Teams (collectively referred to as District-level Tax Teams) under Regional Tax Branches (Formerly District Tax Offices).
MONTH 02-2025
Tax debt level subject to temporary suspension of exit for individuals and businesses
Decree 49/2025/ND-CP issued on February 28, 02 details the tax debt threshold and debt period for applying temporary exit suspension measures for individuals and organizations with tax payment obligations as follows:
1- Business individuals and business household owners who are subject to compulsory enforcement of administrative decisions on tax management have tax debts of 50 million VND or more and the tax debts have been overdue for more than 120 days.
2- Individuals who are legal representatives of enterprises, cooperatives, and cooperative unions that are subject to compulsory enforcement of administrative decisions on tax management with tax arrears of VND 500 million or more and the tax arrears have been overdue for more than 120 days.
3- Business individuals, business household owners, individuals who are legal representatives of enterprises, cooperatives, and cooperative unions that are no longer operating at the registered address and have tax arrears that are past the prescribed payment deadline and have not fulfilled their tax payment obligations after 30 days from the date the tax authority notifies them of the application of temporary exit suspension measures.
4- Vietnamese people leaving the country to settle abroad, Vietnamese people settling abroad, foreigners who have tax debts past the deadline for payment according to regulations and have not yet fulfilled their tax payment obligations before leaving Vietnam.
MONTH 01-2025
Automatic personal income tax refund from 2025
+ Applicable subjects: Individuals who directly settle taxes and have fully paid excess tax.
+ Tax refund method: Automatically through the Tax industry's IT system.
+ Tax refund conditions: Income and paid amount must match data managed by tax authorities.
Continue to reduce VAT by 2% until the end of June 06
From January 01, 01, business entities will officially continue to apply the VAT reduction policy to 2025% according to Decree 8/180/ND-CP issued by the Government under Resolution 2024/174/QH2024 dated January 15, 30 of the National Assembly.
Whereby:
According to Decree 180/2024/ND-CP, from January 01, 01, the policy of reducing value added tax to 2025% will be applied to groups of goods and services currently subject to a tax rate of 8%. except for the following groups of goods and services: Telecommunications, financial activities, banking, securities, insurance, real estate business, metals and prefabricated metal products, mining products (excluding coal mining), coke, refined petroleum, chemical products. Details in Appendix I; Goods and services subject to special consumption tax. Details in Appendix II; Information technology according to the law on information technology. Details in Appendix III.
