SUMMARY OF LEGAL DOCUMENTS
PROFESSIONAL NEWSLETTER FOR MAY 2026
INTRODUCTORY SECTION:
In May 2026, several notable legal developments were introduced in the areas of taxation, accounting, insurance, and investment. Key highlights include new regulations allowing input VAT deductions for deferred and installment purchases that have not yet reached the payment due date, the introduction of a new accounting regime for micro-enterprises effective from 01 July 2026, and guidance on the implementation of supplementary pension insurance schemes. In addition, new forms and templates for investment procedures were issued, together with updated regulations on conditional business investment sectors and trades. Overall, these legal updates aim to support businesses, simplify administrative procedures, and enhance the effectiveness of state management.
SUMMARY TABLE:
| No. | Title, reference number, date of issuance and effective date | Content |
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PART I: TAX POLICIES |
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| 1 | Decree No. 144/2026/ND-CP dated 05 May 2026 amending Decree No. 181/2025/ND-CP guiding the Law on Value Added Tax (VAT) (Issued on: 05 May 2026; Effective from: 20 June 2026) | Introduces new regulations on non-cash payment documents for deferred and installment purchases valued at VND 5 million or more. Enterprises may temporarily claim input VAT deductions before the payment due date under the contract. If non-cash payment documents are not available by the due date, the previously deducted VAT must be adjusted and reduced accordingly. |
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PART II: ACCOUNTING AND AUDITING POLICIES |
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| 1 | Circular No. 58/2026/TT-BTC dated 25 May 2026 providing guidance on the Accounting Regime for Micro-Enterprises (Issued on: 25 May 2026; Effective from: 01 July 2026) | Introduces a new accounting regime for micro-enterprises, providing guidance on bookkeeping and financial statement preparation based on the applicable tax payment method. Micro-enterprises may opt to apply the accounting regime for small and medium-sized enterprises and may customize accounting vouchers and accounting books to suit operational needs, provided compliance with the Accounting Law is maintained. |
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PART III: LABOR AND INSURANCE POLICIES |
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| 1 | Decree No. 85/2026/ND-CP dated 25 March 2026 on Supplementary Pension Insurance (Issued on: 25 March 2026; Effective from: 10 May 2026) | Establishes the procedures for participation in supplementary pension insurance on a voluntary basis between employers and employees. Employers are required to reach agreements with employees, enter into contracts with pension fund management companies, and make contributions in accordance with the registered pension program. |
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PART IV: ENTERPRISE AND INVESTMENT POLICIES |
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| 1 | Decree No. 187/2026/ND-CP dated 27 May 2026 guiding the Law on Rehabilitation and Bankruptcy (Issued on: 27 May 2026; Effective from: 27 May 2026) | Provides circumstances under which a legal representative of an enterprise or cooperative is deemed incapable of managing the entity during rehabilitation or bankruptcy proceedings, serving as the basis for replacing the legal representative in accordance with applicable regulations. |
| 2 | Resolution No. 66.17/2026/NQ-CP dated 15 May 2026 on the reduction and amendment of conditional business investment sectors and trades (Issued on: 15 May 2026; Effective from: 01 July 2026) | Publishes the list of conditional business investment sectors and trades effective from 01 July 2026, covering areas such as legal practice, notarization, auditing, insurance, securities, petroleum trading, chemicals, food business, and sectors related to national defense and security. |
| 3 | Circular No. 55/2026/TT-BTC dated 15 May 2026 prescribing forms and reports related to investment activities in Vietnam (Issued on: 15 May 2026; Effective from: 15 May 2026) | Introduces 29 new forms and reports applicable to investment activities in Vietnam, including procedures for issuance and amendment of Investment Registration Certificates, project transfers, capital contributions, share acquisitions, and other investment-related procedures applicable to both domestic and foreign investors. |
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.
