Newsletters

Recently, on 08 January 2026 , the Government issued Resolution No. 02/NQ-CP  on the principal tasks and solutions to improve the business environment and enhance national competitiveness in 2026. This Resolution is the 11th annual thematic resolution on the business environment since Resolution No. 19/NQ-CP was initiated in 2014. Resolution No. 02/NQ-CP is an important policy decision aimed at removing difficulties, clearing institutional bottlenecks, and creating new moment

On 15 January 2026, the Government promulgated Decree No. 20/2026/ND-CP, providing detailed guidance on the implementation of Resolution No. 198/2025/QH15 on special mechanisms and policies for the development of the private economic sector, together with the Law on Corporate Income Tax No. 67/2025/QH15. Under this Decree, small and medium-sized enterprises that are registered for business for the first time are entitled to a corporate income tax exemption for three consecuti

On 10 December 2025, the National Assembly officially passed the Personal Income Tax Law No. 109/2025/QH15, marking an important step in further refining Vietnam’s personal income tax policy framework. The new Law is issued to better reflect practical developments, the growing diversity of income sources, and the deeper integration of Vietnam into the global economy. Through this newsletter, W&A provides a comprehensive overview and analysis of the key provisions of the Perso

On 27 October 2025, the Ministry of Finance issued Circular No. 99/2025/TT-BTC  providing guidance on the accounting regime for enterprises. The Circular takes effect from 1 January 2026 and applies to financial years commencing on or after this date. Circular 99 not only replaces and systematizes existing regulations on enterprise accounting, but also clearly reflects the policy direction toward strengthening corporate governance, internal control, transparency, and accounta

On 31 December 2025, the Government issued Decree No. 359/2025/ND-CP, amending and supplementing Decree No. 181/2025/ND-CP, providing clarification on the VAT treatment applicable to unprocessed agricultural products at the commercial trading stage. The new Decree clarifies how VAT should be applied depending on the seller, the buyer, and the VAT calculation method, addressing long standing inconsistencies in practice regarding whether such transactions are subject to VAT dec

On 26 December 2025, the Ministry of Finance issued official guidance on the tax and invoicing treatment applicable to enterprises selling foreign currency to credit institutions. The guidance addresses practical issues frequently encountered by enterprises receiving foreign-currency income and converting such funds into Vietnamese dong through commercial banks, including the treatment of invoicing, value-added tax, and corporate income tax. This clarification is particularly

Based on the Vietnam Labor Code 2019 , the Law on Social Insurance 2024 , and Decree No. 219/2025/ND-CP , the Ministry of Home Affairs has clarified the legal boundary between: Foreign employees working in Vietnam under a labor relationship , who are required to enter into a labor contract, receive salary payments, and participate in social insurance in Vietnam; and Foreign employees assigned to Vietnam under an intra-company transfer , where no labor relationship is establis

On 15 December 2025 , the Government promulgated Decree No. 320/2025/ND-CP  detailing a number of articles and implementation measures of the Law on Corporate Income Tax No. 67/2025/QH15 . This is a key subordinate legislative instrument that plays a central role in translating the principle based provisions of the new Corporate Income Tax Law into concrete and applicable mechanisms in practice. Decree 320 was issued in the context of Vietnam’s tax legal system entering a pha

On December 02, 2025, the Government of Vietnam issued Decree No. 310/2025/ND-CP  (“Decree 310/2025”) amending and supplementing a number of articles of Decree No. 125/2020/ND-CP  (“Decree 125/2020”) stipulating administrative penalties for tax and invoice violations. This Decree takes effect from January 16, 2026 , marking the completion of regulations on administrative penalties for tax and invoices, enhancing the effectiveness of tax administration and ensuring fairness in

On 10 December 2025, the National Assembly passed the Personal Income Tax Law 2025 , marking a significant shift in tax policy for individuals and household businesses. The amendments aim to reduce compliance burdens, expand support for small business operators, enhance fairness, and align tax obligations with current living standards. Through this newsletter, W&A provides a detailed analysis of the key amendments: Increasing the tax-exempt revenue threshold from VND 200 mill

On 25 November 2025, the Tax Department issued Official Letter 5487/CT CS providing guidance on input VAT creditability for deferred or instalment payments relating to the purchase of goods and services. The guidance clarifies that if , at the payment due date, the taxpayer does not have valid non cash payment evidence, the taxpayer must reduce the input VAT previously credited. However, when the taxpayer subsequently makes a non cash payment, the corresponding input VAT amou

Recently, the National Assembly passed the Law Amending and Supplementing a Number of Articles of the Law on Enterprises and Decree No. 168/2025/NĐ-CP , marking a major step forward in the identification and disclosure of information regarding the Beneficial Owner (" BO "). This is the first time this concept has been clearly recognized under Vietnam's enterprise law, aiming to enhance business transparency, prevent opaque ownership structures, ensure compliance with global g