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Update news vietnam's tax policy
This morning, Finance Minister Nguyen Van Thang, on behalf of the Prime Minister, presented to the National Assembly a draft proposal outlining four key amendments to the Law on Value Added Tax (VAT).
The Ministry of Finance (MOF) has proposed raising the annual revenue threshold exempt from Personal Incone Tax from VND200 million to VND500 million. An estimated 2.3 million household businesses would not be subject to tax.
In its latest explanation on proposed amendments to the Personal Income Tax Law, Vietnam’s Ministry of Finance has stated that tax policy alone is not the most effective solution for curbing speculation in the real estate market.
Vietnam’s Ministry of Finance has proposed raising the annual revenue threshold for household businesses to be exempt from personal income tax from 200 million VND to 500 million VND (approximately USD 8,200 to USD 20,500).
The Ministry of Finance (MOF) has announced that it will amend the Law on Value Added Tax (VAT) by raising the level of VAT-exempt revenue.
All National Assembly Standing Committee members have approved the resolution on adjusting the personal income tax family-circumstance deduction.
The Ministry of Science and Technology (MoST) is drafting a circular to establish criteria for enterprises implementing electronic equipment manufacturing projects to qualify for corporate income tax incentives.
The Ministry of Finance has ruled out VAT exemption and a single-price mechanism for electricity, citing legal constraints.
A recent proposal to limit credit for buyers of second homes may sound bold, but it lacks legal standing and market logic, potentially doing more harm than good to Vietnam’s real estate and financial systems.
The Taxation Department on August 18 official launched its portal to support individuals, household businesses, and enterprises.
With a 5 percent VAT rate, pepper and spice industry businesses pay VND55 billion to the state budget, while receiving tax refunds of up to VND2,135 billion.
Fines of up to 80 million VND (3,050 USD) could be imposed for not issuing invoices when selling goods or providing services, according to a proposal from the Ministry of Finance.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Circular No. 51/2025/TT-BTC provides a legal foundation for further expanding electronic tax payments via payment service providers.
Two million Vietnamese business households with an annual revenue of less than VND1 billion will enter a new period from January 1, 2026 when the electronic invoice policy takes effect.
Experts warned that teenage smoking habits will have severe long-term health consequences over the next 10 – 20 years as these young smokers begin to feel the full effects of tobacco use.
The regulation on the tax exemption threshold of 1 million VND means that most imported e-commerce goods will not be subject to import tax.
Tax travel bans have blocked thousands of executives, yet recover only a fraction of unpaid taxes.
The abolition of the presumptive tax regime for household businesses is being actively implemented, with a clear roadmap and practical support measures.
The Vietnamese government has proposed extending the 2% value-added tax (VAT) cut on selected goods and services until the end of 2026, aiming to ease cost pressures on businesses and boost economic momentum.