Vietnam

This Update highlights recent tax and customs developments in Vietnam.

In line with the significant changes proposed in the new draft Corporate Income Tax (CIT) law, set to take effect on 1 January 2026, tax authorities have been conducting audits on the existing tax incentives for foreign-invested enterprises in industrial zones.

On 15 May 2024, the Government issued Decree No. 52/2024/ND-CP on non-cash payments, replacing the former Decree 101/2012/ND-CP on the same subject.

On 16 May 2024, the Government issued Decree No. 55/2024/ND-CP guiding certain articles of the Law on Consumer Rights Protection

On 1 July 2024, the Ministry of Public Security issued the draft Law on Data for public consultation

In this Update, we highlight the following tax and customs developments in Vietnam: (i) Forecast Foreign Investment Policy in Vietnam; (ii) Extended Deadline for Payment of Corporate Income Tax, Personal Income Tax, Value Added Tax and Land Rental in 2024; and (iii) Consolidated Regulation on Tax Administration.

In this Update, we highlight the following tax and customs developments in Vietnam: (i) VAT Refund for Export; (ii) Personal Income Tax policy on benefits to employees; and (iii) Personal Income Tax policy on overseas profit remittance.

In this Update, we highlight the following tax and customs developments in Vietnam: (i) Foreign Investment Protection Measures; (ii) Application of VAT Rate to Goods; and (iii) Amendments to VAT Regulations – Update.

In this Update, we highlight the following tax and customs developments in Vietnam: (i) Update to the Global Minimum Tax (GMT) Implementation & Potential Tax Reforms; and (ii) Consolidated Regulation on Certificates of Origin.

In this Update, we highlight the following tax and customs developments in Vietnam: (i) Notice on Impact on Tax Treaties Between Vietnam and other Countries; (ii) Tax Exemption for Innovative Startup Enterprises – Special Policies for Ho Chi Minh City; and (iii) Cambodia and Vietnam Special Preferential Tariff.

In February 2024, the Ministry of Public Security (MPS) had published its proposals to request for the development of a Law on Data and a Law on Personal Data Protection

In the 15th National Assembly meeting (6th session) held on 27 November 2023, the Law on Real Estate Business and the Law on Housing were passed. Following a short postponement due to the complexity of the proposed reforms, on 18 January 2024, the Law on Land was also approved.

In this Update, we highlight the following tax and customs developments in Vietnam: (i) Global Minimum Tax (“GMT”) Introduction & Potential Tax Reforms – Update; (ii) Value-added Tax (“VAT”) Reduction Policy in 2024; and (iii) VAT Reforms – Proposed Changes in a New Law on VAT.

In this Update, we highlight the following tax and customs developments in Vietnam: (i) Global Minimum Tax Introduction & Potential Tax Reforms; (ii) Double Tax Agreement between Vietnam and Singapore – Application to Capital Share Transfer in Vietnam Entity; and (iii) Supplements to Vietnam’s Customs Regulations for Period 2022 – 2027 under RCEP.

This Update highlights recent tax and custom developments in Vietnam. New Decree on Import Management of Refurbished Goods under CPTPP

This Update highlights recent tax and custom developments in Vietnam. Clarifications on On-spot Imports and Exports Procedures The General Department

On 20 June 2023, the National Assembly of Vietnam passed the new Law on the Protection of Consumer Rights (“LPCR“).

On 22 June 2023, the National Assembly passed the new Law on Electronic Transactions No. 20/2023/QH15 dated 22 June 2023

On 17 April 2023, the Government issued the long-awaited Decree 13/2023/ND-CP on personal data protection (“PDP Decree“). The PDP Decree

The costs of legal proceedings is a major consideration influencing a party’s choice of dispute resolution in Vietnam – both

On 8 March 2022, the Vietnamese Government issued Decision 29/NQ-CP approving the Ministry of Finance’s (“MOF”) submission dated 24 January

On 15 January 2022, Resolution No. 43/2022/QH15 on Fiscal and Monetary Policies for Supporting Socio-economic Recovery and Development Program (“Resolution

On 06 January 2022, the Government issued Decree No. 02/2022/ND-CP (“Decree 02/2022“) amending certain articles of the Law on Real

On 11 January 2022, the National Assembly of Vietnam issued Law No. 03/2022/QH15 (“Law 03/2022“) amending and supplementing several articles

On 20 July 2021, the Government issued Decree No. 70/2021/ND-CP (“Decree 70”) amending and supplementing several articles of Decree No. 181/2013/ND-CP implementing the Law on Advertising (“Decree 181”). Decree 70 took effect on 15 September 2021.

On 25 September 2021, the Government issued Decree No. 85/2021/ND-CP (“Decree 85/2021”) amending Decree No. 52/2013/ND-CP dated 16 May 2013 on e-commerce. Decree 85/2021 shall take effective from 1 January 2022.

In March, two circulars were issued regarding performing electronic tax transactions and foreign currency transactions. The first circular sets out, among others, the modes of registering electronic tax transactions. The second circular provides the guidelines for foreign currency transactions on foreign currency markets by authorised credit institutions.

On 04 January 2021, the Government promulgated Decree No. 01/2021/ND-CP guiding the Law on Enterprise 2021 with respect to enterprise registration (“Decree 01”), replacing Decree No. 78/2015/ND-CP and its relevant amendments (“Decree 78”).

On 30 December 2020, the Government promulgated Decree No. 152/2020/ND-CP (“Decree 152”) regulating foreign employees working in Vietnam as well as the recruitment and management of Vietnamese employees working for foreign employers in Vietnam.

On 14 December 2020, the Government issued Decree No. 145/2020/ND-CP which elaborates the implementation of the current Labour Code 2019 (“Labour Code”) on working conditions and labour relations (“Decree 145”). Decree 145 came into effect from 01 February 2021 .