SUMMARY OF LEGAL DOCUMENTS
PROFESSIONAL NEWSLETTER FOR FEBRUARY 2026
INTRODUCTORY SECTION:
The February 2026 Professional Newsletter provides updates on new legal policies in the fields of taxation, customs, banking, and labor – social insurance. Notable highlights include new regulations on criteria for quarterly VAT and PIT declarations, supplementation of electronic customs dossiers for exported goods, a significant increase in penalties for impersonation in opening payment accounts in the banking sector, updates to the list of 35 occupational diseases eligible for social insurance benefits, and reporting requirements applicable to projects manufacturing prioritized supporting industry products, thereby helping enterprises ensure timely compliance and minimize legal risks.
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 | 1. Circular No. 121/2025/TT-BTC amending Circular No. 38/2015/TT-BTC on customs procedures for exported and imported goods (Promulgated on 18 December 2025, effective from 01 February 2026) | Circular No. 121/2025/TT-BTC amending Circular No. 38/2015/TT-BTC provides that from 01 February 2026, export customs dossiers must include: customs declarations, commercial invoices (exempted if valid electronic invoices are used), export licenses, specialized inspection documents, and documents proving eligibility for export.
Additional requirements apply to entrusted export, foreign traders without a commercial presence in Viet Nam, and foreign-invested enterprises (FDI); certain documents are only required to be submitted for the first submission where customs procedures are carried out at the same customs authority. |
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PART II: TAX LAW POLICIES |
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| 1 | Decree No. 373/2025/ND-CP amending and supplementing a number of articles of Decree No. 126/2020/ND-CP guiding the Law on Tax Administration 2019 (Promulgated on 31 December 2025, effective from 14 February 2026) | Decree No. 373/2025/ND-CP amending Decree No. 126/2020/ND-CP stipulates that from 14 February 2026, taxpayers with annual revenue of VND 50 billion or less in the preceding year are eligible for quarterly VAT declaration; if eligible, they may also opt for quarterly personal income tax (PIT) declaration and must maintain a stable tax declaration period for the entire calendar year.
In cases of changing the tax declaration period, taxpayers must notify the tax authority before 31 January; if taxpayers are found ineligible for quarterly declaration, they must switch to monthly declaration, resubmit tax dossiers, and pay late payment interest but will not be subject to administrative penalties. Individuals earning income from multiple sources shall finalize PIT at the tax authority managing the entity that pays the largest income; if dossiers are submitted to an incorrect authority, the tax authority shall support the transfer of dossiers to the appropriate authority. |
| 2 | Decree No. 340/2025/ND-CP on administrative penalties in the monetary and banking sector (Promulgated on 25 December 2025, effective from 09 February 2026) | Decree No. 340/2025/ND-CP provides that from 09 February 2026, the act of opening or maintaining anonymous or impersonated payment accounts may be subject to fines of up to VND 250 million (a significant increase compared to the previous maximum fine of VND 150 million under Decree No. 88/2019/ND-CP).
This fine applies to individuals; violating organizations are subject to fines twice as high and are required to fully remit any illegal profits obtained from the violations. |
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PART III: SALARY – INSURANCE – LABOUR POLICIES |
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| 1 | Circular No. 60/2025/TT-BYT on occupational diseases eligible for social insurance benefits and guidelines for diagnosis and assessment of working capacity reduction due to occupational diseases (Promulgated on 31 December 2025, effective from 15 February 2026) | Circular No. 60/2025/TT-BYT stipulates that from 15 February 2026, the list of 35 occupational diseases eligible for social insurance benefits includes the following main groups: pneumoconiosis, occupational respiratory diseases, poisoning caused by chemicals and metals, diseases caused by physical factors (noise, vibration, radiation), occupational skin diseases, and occupational infectious diseases.
The Circular also provides guidelines for diagnosis and assessment of working capacity reduction corresponding to each disease in the appendices issued together with the Circular. |
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PART IV: ENTERPRISE AND INVESTMENT LAW POLICIES |
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| 1 | Circular No. 65/2025/TT-BCT detailing the implementation of a number of articles of Decree No. 205/2025/ND-CP amending and supplementing a number of articles of Decree No. 111/2015/ND-CP on supporting industry development (Promulgated on 31 December 2025, effective from 16 February 2026) | Circular No. 65/2025/TT-BCT stipulates that enterprises having projects for manufacturing prioritized supporting industry products are required to prepare two types of reports: (i) an annual periodic report on the implementation status of the project (to be submitted before 15 April each year), and (ii) a report serving post-incentive inspection upon request.
Enterprises are responsible for the accuracy of the reports and must prepare them in accordance with the templates issued together with the Circular. |
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.
