SUMMARY OF LEGAL DOCUMENTS
PROFESSIONAL NEWSLETTER FOR APRIL 2026
INTRODUCTORY SECTION:
April 2026 witnessed several noteworthy legal updates in the areas of invoicing, taxation, accounting – auditing, and insurance. Notably, the Tax Department strengthened inspections and enforcement against tax violations in petroleum trading; Decree No. 141/2026/ND-CP introduced Corporate Income Tax exemptions for enterprises with annual revenue below VND 1 billion and adjusted tax policies applicable to household businesses and individual businesses; meanwhile, new circulars on deposit insurance clarified financial mechanisms and regulations on temporary deferral of deposit insurance premium payments for credit institutions under special control. Overall, these new regulations focus on strengthening tax administration, promoting digital transformation, and enhancing transparency in financial and banking activities.
SUMMARY TABLE:
| No. | Title, reference number, date of issuance and effective date | Content |
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PART I: INVOICE AND DOCUMENT POLICIES |
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| 1 | Official Letter No. 1976/CT-DNL dated 02 April 2026 on strengthening inspection and handling of tax violations in petroleum trading issued by the Tax Department (Promulgated on 02 April 2026, effective from 02 April 2026) | Due to strong fluctuations in global oil prices and multiple domestic fuel price adjustments in Q1/2026, risks of tax and invoice violations in petroleum trading have increased. Tax authorities are required to strengthen inspections of tax declarations, e-invoice issuance, inventory reconciliation, and unusual transactions during January–March 2026; violations such as hoarding, speculation, failure to issue invoices, or tax fraud will be strictly handled in accordance with regulations. |
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PART II: TAX LAW POLICIES |
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| 1 | Decree No. 141/2026/ND-CP dated 29 April 2026 amending Decree No. 68/2026/ND-CP on tax policies for household businesses and individual businesses, and Decree No. 320/2025/ND-CP guiding the Law on Corporate Income Tax (Promulgated on 29 April 2026, effective from 01 January 2026) | Under Decree No. 141/2026/ND-CP, enterprises with annual revenue of VND 1 billion or less are exempt from Corporate Income Tax, including newly established enterprises expected not to exceed this threshold. This exemption does not apply to certain subsidiaries or affiliated enterprises that do not satisfy the exemption conditions. |
| 2 | Official Letter No. 2354/CT-CS dated 14 April 2026 on tax policies and tax administration for household businesses and individual businesses issued by the Tax Department (Promulgated on 14 April 2026, effective from 14 April 2026) | From 01 January 2026, household businesses and individual businesses with annual revenue of VND 500 million or less are exempt from VAT and Personal Income Tax; revenue from over VND 500 million up to VND 3 billion is subject to Personal Income Tax only on the portion exceeding the exemption threshold. In addition, household businesses are required to implement electronic tax filing under the new regulations, supported by simplified procedures and digital transformation assistance. |
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PART III: ACCOUNTING – AUDITING POLICIES |
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| 1 | Circular No. 05/2026/TT-KTNN dated 27 February 2026 abolishing in its entirety Decision No. 01/2013/QD-KTNN on the Audit Process for National Target Programs issued by the State Auditor General (Promulgated on 27 February 2026, effective from 20 April 2026) | Circular No. 05/2026/TT-KTNN abolishes in full Decision No. 01/2013/QD-KTNN dated 29 March 2013 of the State Auditor General regarding the Audit Process for National Target Programs. |
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PART IV: SALARY – INSURANCE POLICIES |
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| 1 | Circular No. 33/2026/TT-BTC dated 30 March 2026 regulating the financial regime of Deposit Insurance of Vietnam issued by the Minister of Finance (Promulgated on 30 March 2026, effective from 01 May 2026) | Circular No. 33/2026/TT-BTC stipulates that revenue sources of Deposit Insurance of Vietnam include income from deposit insurance operations, investment activities, and other activities such as asset liquidation, leasing, special lending, and training services. The use of capital must ensure preservation, transparency, efficiency, and compliance with legal limits on fixed asset investment and procurement. |
| 2 | Circular No. 04/2026/TT-NHNN dated 31 March 2026 guiding deposit insurance activities issued by the Governor of the State Bank of Vietnam (Promulgated on 31 March 2026, effective from 01 May 2026) | From 01 May 2026, under Circular No. 04/2026/TT-NHNN, credit institutions placed under special control may be granted temporary deferral of deposit insurance premium payments after confirming outstanding and overdue fees and preparing a repayment plan within their restructuring scheme. This Circular also replaces Circular No. 24/2014/TT-NHNN from its effective date. |
General Note:
This newsletter is for reference only – businesses or individuals should review the full text and, if necessary, consult legal experts to ensure proper compliance with procedures and forms.
