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Update news vietnam's tax policies
Under Resolution No. 204/2025/QH15 of the National Assembly, the 2% reduction in VAT is scheduled to take effect from July 1 and remain valid until December 31, 2026.
National Assembly deputies have proposed reviewing personal income tax (PIT), suggesting an increase in the family deduction threshold. However, no significant reforms have been initiated by the authorities so far.
Vietnamese citizens push for faster personal income tax changes to reflect modern living costs.
Many small-scale household businesses, which are not required to use electronic invoices from cash registers, have shut down or ceased operations.
Deputy Prime Minister Ho Duc Phoc proposed a tax quota model for small-scale vendors with annual revenues below 1 billion VND (approximately $40,000), aiming to ease tax burdens and support social welfare.
New policy proposes raising tax-free income threshold and ending fixed-tax regime.
Millions of household businesses are more concerned about tax procedures and calculations than the obligation to pay, according to Finance Minister Nguyen Van Thang during a parliamentary Q&A.
The tax authority has clarified that claims suggesting some small businesses have shut down or reduced operations due to the implementation of Decree 70 are inaccurate.
According to senior tax officials, the fixed-rate tax model is no longer suited to current realities due to the evolving nature and scale of business operations.
Starting from July 1, 2025, to December 31, 2026, the value-added tax (VAT) rate will be reduced to 8% for specific goods and services as outlined in Clause 3, Article 9 of the Law on VAT.
Lawmakers have approved a new tax regime targeting public health risks like sugary beverages, tobacco, and alcohol.
The Finance Ministry plans to eliminate the flat tax, citing fairness and transparency concerns, with all businesses required to file self-declared taxes.
A VAT invoice for two people using a restroom raises concerns over e-invoicing rules.
Hanoi eateries increase bowl prices due to new tax compliance costs and rising input prices.
Vietnam’s shift to e-invoices from cash registers faces implementation hurdles, especially in informal markets.
Tax authorities have issued 61,492 exit ban notices for a total tax debt of VND83,028 billion, yet only VND4,955 billion, or roughly 1/17th of the debt, has been recovered.
From tech-savvy retirees to market vendors, many are struggling to adapt to new tax rules.
After the Property Tax Law is enacted, abandoned land will no longer exist as individuals and businesses will only buy land for use. If they buy land for speculation, they will have to pay taxes to the state.
Some small businesses avoid bank transfers to dodge new e-invoice mandates, risking penalties.
Vietnam implements a unified tax identification system beginning July 2025 to reduce risk and boost transparency.