SUMMARY OF LEGAL DOCUMENTS
PROFESSIONAL NEWSLETTER OCTOBER 2025
INTRODUCTORY SECTION:
The October 2025 update covers new policies on accounting – auditing, taxation, investment, and customs, highlighting Circular 99/2025/TT-BTC providing guidance on the enterprise accounting regime, Decision 3389/QĐ-BTC on the reform of the tax management model for business households, and adjustments to tax rates, exemptions, reductions, and VAT deductions for enterprises, households, and individual businesses.
SUMMARY TABLE:
No. |
Document Name & Number |
Content |
Effective Date |
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PART I: LEGAL POLICIES ON ACCOUNTING & AUDITING |
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| 1 | Circular No. 99/2025/TT-BTC issued by the Ministry of Finance providing guidance on the corporate accounting regime. | On October 27, 2025, the Ministry of Finance issued Circular 99/2025/TT-BTC guiding the corporate accounting regime, effective from January 1, 2026, replacing Circular 200/2014/TT-BTC, with key updates including internal governance and control, foreign currency financial statement conversion, issuance of mandatory accounting regulations, adjustment of the chart of accounts, and updates to financial statements. | (Issued on October 27, 2025 Effective from January 1, 2026) |
| 2 | Draft Circular on the Issuance of 31 Vietnamese Standards on Auditing, announced by the Ministry of Finance
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On September 26, 2025, the Ministry of Finance announced the draft Circular introducing 31 Vietnamese Auditing Standards, replacing Circular 214/2012/TT-BTC, applicable to auditing firms, foreign branches, auditors, and related organizations. The draft is currently open for comments and should be monitored for official implementation. | (Published on September 26, 2025, on the Ministry of Finance’s Electronic Information Portal) |
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PART II: TAX LAW POLICIES |
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| 3 | Decree No. 260/2025/NĐ-CP of the Government amending the export tax rates for certain items under groups 71.13, 71.14, and 71.15 in the Export Tariff issued together with Decree No. 26/2023/NĐ-CP dated May 31, 2023 of the Government on the Export Tariff, Preferential Import Tariff, List of Goods, and Absolute, Mixed, and Out-of-Quota Import Duties. | Amend the export tax rates for certain products in groups 71.13, 71.14, and 71.15 according to the Export Tariff Schedule attached to Decree 26/2023/ND-CP. |
(Issued on October 10, 2025 |
| 4 | Circular No. 94/2025/TT-BTC of the Ministry of Finance amending and supplementing a number of articles of Circular No. 80/2021/TT-BTC dated September 29, 2021 guiding the implementation of certain provisions of the Law on Tax Administration and Decree No. 126/2020/NĐ-CP dated October 19, 2020 of the Government detailing several provisions of the Law on Tax Administration; and concurrently amending and supplementing several templates of Circular No. 40/2021/TT-BTC dated June 1, 2021 guiding value-added tax, personal income tax, and tax administration for business households and individuals. | Circular 94/2025/TT-BTC amends and supplements the guidance on the implementation of the Law on Tax Administration, Decree 126/2020/ND-CP, and certain forms regarding VAT and personal income tax for household and individual businesses. | (Issued on October 14, 2025 Effective from October 14, 2025) |
| 5 | Decision No. 3389/QĐ-BTC of the Ministry of Finance approving the Scheme on “Reforming the Tax Administration Model and Method for Business Households upon the Abolishment of the Lump-sum Tax Regime,”. | Decision 3389/QĐ-BTC (October 6, 2025) classifies household businesses into three groups based on revenue, stipulates methods for calculating VAT and personal income tax, filing, invoicing, accounting books, and government support, and provides guidance for e-commerce operations and gradual conversion to a corporate business model when appropriate. | (Issued on October 6, 2025 Effective from October 6, 2025) |
| 6 | Official Letter No. 4221/CT-CS of the Tax Department on Corporate Income Tax and Personal Income Tax policies. | Official Letter 4221/CT-CS (October 3, 2025) provides guidance on personal income tax for foreign employees working in Vietnam for less than 183 days, applying a 20% tax rate on total income earned in Vietnam. | (Issued on October 3, 2025 Effective from October 3, 2025) |
| 7 | Official Letter No. 4328/CT-CS of the Tax Department on guidance for support measures for organizations, individuals, and enterprises affected by Typhoons No. 10 and No. 11 and post-storm flooding. | Official Letter 4328/CT-CS (October 10, 2025) guides the exemption, reduction, and deferral of various taxes (CIT, PIT, VAT, special consumption tax, natural resource tax, non-agricultural land use tax) and waives administrative penalties for organizations, individuals, and businesses affected by Typhoons No. 10 and 11 and post-storm flooding. | (Issued on October 10, 2025 Effective from October 10, 2025) |
| 8 | Official Letter No. 2901/DTH-NVDTPC of the Dong Thap Provincial Tax Department regarding the benefits for household businesses and individual business households when converting from the lump-sum tax method to the declaration tax method. | Household businesses and individual business owners can self-assess and declare taxes, use accounting books and electronic invoices, and are eligible for input tax deduction/refund, supporting transparent, professional operations and facilitating conversion to small enterprises. | (Issued on October 6, 2025 Effective from October 6, 2025) |
| 9 | Official Letter No. 2244/QNG-NVDTPC of the Quang Ngai Provincial Tax Department regarding the introduction of new points in the Law on Corporate Income Tax. | Official Letter 2244/QNG-NVDTPC provides guidance on the new corporate income tax rates (15%-20%-17% depending on revenue, 25%-50% for oil and gas), tax exemptions and reductions for newly established enterprises converted from household businesses, and the application of a percentage-based tax calculation for enterprises with revenue ≤ VND 3 billion, while increasing the Science and Technology Development Fund allocation to 20%. Official Letter 4850/DON-QLDN1 allows input VAT deduction for payments of goods and services through third parties if the legal conditions are met. | (Issued on October 13, 2025 Effective from October 13, 2025) |
| 10 | Official Letter No. 4850/DON-QLDN1 of the Dong Nai Provincial Tax Department regarding non-cash payments authorized through third partie. | Enterprises are allowed to deduct input VAT when paying for goods and services through a third party via non-cash payment, provided they meet all conditions prescribed by law. | (Issued on October 15, 2025 Effective from October 15, 2025) |
| 11 | Draft Law Amending and Supplementing Certain Articles of the 2024 Law on Value-Added Tax (VAT) | The draft Law amending and supplementing certain articles of the 2024 Law on Value-Added Tax, prepared by the Ministry of Finance, is currently under consultation and will affect VAT declaration, deduction, and refund for enterprises, household businesses, and individual business owners once enacted. | (Issued on October 25, 2025)
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PART III: LEGAL POLICY ON INVESTMENT |
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| 5 | Consolidated Document No. 47/VBHN-BCT of the Ministry of Industry and Trade on the forms for implementing Decree No. 07/2016/NĐ-CP dated January 25, 2016, of the Government detailing the Commercial Law regarding Representative Offices and Branches of Foreign Traders in Vietnam. | The Consolidated Document 47/VBHN-BCT updates and standardizes the forms for implementing Decree 07/2016/NĐ-CP regarding the establishment, adjustment, and extension of representative offices and branches of foreign traders in Vietnam, applicable to foreign enterprises and competent authorities. Enterprises should refer to the new forms and comply with the guidance to ensure proper procedures. | (Issued on October 13, 2025)
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| 6 | Decision No. 2289/QĐ-UBND of the Ho Chi Minh City People’s Committee on the publication of the list of newly issued, amended, supplemented, or abolished administrative procedures in the fields of: Business household establishment and operation; Investment support; Bidding and investor selection; and Public-private partnership (PPP) investment under the management scope of the Department of Finance. | The Ho Chi Minh City Department of Finance has announced 13 administrative procedures related to household businesses and investment activities, including 5 new procedures, 6 amended or supplemented procedures, and 2 abolished procedures. The detailed list is available on the portals hochiminhcity.gov.vn and dichvucong.gov.vn. | (Issued on October 24, 2025 Effective from October 24, 2025) |
| 7 | Decision No. 3532/QĐ-BTC of the Ministry of Finance on amending and supplementing certain contents in Appendix I and Appendix II attached to Decision No. 3154/QĐ-BTC dated September 10, 2025, which publishes administrative procedures that are amended, supplemented, or replaced in the field of investment in Vietnam under the management scope of the Ministry of Finance. | On October 17, 2025, the Ministry of Finance issued Decision 3532/QĐ-BTC to consolidate, standardize, and replace certain provincial-level administrative procedures on approval and adjustment of investment policies, aiming to simplify and unify the investment dossier processing procedures.
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(Issued on October 17, 2025 Effective from October 17, 2025) |
