Newsletter on Taxation, Accounting and Business – December 2025
UPDATING ON TAX LAW
- Law No. 109/2025/QH15 on Personal Income Tax, officially passed by the National Assembly on 10 December 2025, effective from 1 July 2026.
- Law No. 149/2025/QH15, passed by the National Assembly on 11 December 2025, amending and supplementing the 2025 Law on Value Added Tax.
- Circular No. 121/2025/TT-BTC dated 18 December 2025 of the Ministry of Finance, amending and supplementing a number of provisions of the Circulars governing customs procedures, customs inspection and supervision, export duties, import duties, and tax administration for exported and imported goods.
- Decree No. 320/2025/NĐ-CP dated 12 December 2025 of the Government, detailing a number of articles of the Law on Corporate Income Tax and providing measures for its implementation and guidance.
- Official Letter No. 4447/CT-CS dated 15 October 2025 of the General Department of Taxation, on value added tax policies applicable to real estate business activities, infrastructure construction, construction of houses for sale, and transfer of real estate.
- Official Letter No. 4500/CT-CS dated 17 October 2025 of the General Department of Taxation, on value added tax policies applicable to income not related to the sale of goods or the provision of services.
- Official Letter No. 4512/CT-CS dated 20 October 2025 of the General Department of Taxation, on value added tax policies applicable to business activities conducted in international quarantine areas.
- Official Letter No. 5487/CT-CS dated 25 November 2025 of the General Department of Taxation, on value added tax policies applicable to deferred payment and installment payment arrangements.
- Official Letter No. 1539/CT-CS dated 2 December 2025 of the Vinh Long Provincial Tax Department, on the payment of loan interest to shareholders.
