vietnam's tax policies

Update news vietnam's tax policies

2% VAT reduction extends to end of 2026

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.

Amending personal income tax law: no time for further delays

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.

Millions of households await tax law reform

Vietnamese citizens push for faster personal income tax changes to reflect modern living costs.

Tax authorities reveal why many small businesses have abruptly closed

Many small-scale household businesses, which are not required to use electronic invoices from cash registers, have shut down or ceased operations.

Deputy PM proposes simplified tax for small vendors under $40K revenue

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.

Small businesses to self-report income as Vietnam overhauls tax policy

New policy proposes raising tax-free income threshold and ending fixed-tax regime.

Finance ministry pledges support for households as tax rules change

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.

Tax agency explains real reason behind Hanoi business suspensions

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.

Vietnam tax officials push phase-out of outdated fixed-rate model

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.

Vietnam to reduce VAT to 8% and introduce new business ownership rules

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.

Sugary drinks, alcohol, and cigarettes to face higher taxes in Vietnam

Lawmakers have approved a new tax regime targeting public health risks like sugary beverages, tobacco, and alcohol.

Vietnam to scrap flat tax model for household businesses by 2026

The Finance Ministry plans to eliminate the flat tax, citing fairness and transparency concerns, with all businesses required to file self-declared taxes.

Tiny invoice, big debate: Why a 6,000 VND bathroom receipt matters

A VAT invoice for two people using a restroom raises concerns over e-invoicing rules.

Pho and noodle prices surge as vendors cite rising taxes

Hanoi eateries increase bowl prices due to new tax compliance costs and rising input prices.

Vietnam’s small traders seek delay in e-invoice mandate

Vietnam’s shift to e-invoices from cash registers faces implementation hurdles, especially in informal markets.

Exit ban on tax debtors criticized, time for better solutions

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.

E-invoicing rollout in Vietnam stirs deep concerns for small business owners

From tech-savvy retirees to market vendors, many are struggling to adapt to new tax rules.

New tax law expected to stop land speculation, inefficient use of land

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.

Cash-only tactics spark legal warning under Vietnam’s new tax rules

Some small businesses avoid bank transfers to dodge new e-invoice mandates, risking penalties.

From July, personal ID numbers to replace all tax codes in Vietnam

Vietnam implements a unified tax identification system beginning July 2025 to reduce risk and boost transparency.