top of page
Search
October 2025 News Sumary
DRAFT LAW ON PERSONAL INCOME TAX (“PIT”) The Draft Law on PIT (amended) consists of 04 Chapters and 29 Articles, stipulating taxpayers, taxable income, tax-exempt income, tax reductions, and the basis for calculating PIT. Accordingly, regarding the income from salaries and wages of employees, the draft law proposes amendments to several provisions as follows: 1. On taxable revenue thresholds and family circumstance deductions Non-taxable revenue threshold: The draft law
CORPORATE INCOME TAX (“CIT”) LAW 2025
On 14 June 2025, the National Assembly passed the CIT Law 2025 (Law No. 67/2025/QH15), replacing the CIT Law 2008, effective from 01 October 2025. The CIT Law 2025 stipulates some notable new points as follows: 1. Expansion of taxpayers and taxable income Point d, Clause 2, Article 2 and Clause 3, Article 3 stipulate that enterprises engaging in e-commerce and digital platform-based business activities are also subject to tax on income generated in Vietnam, regardless
FINANCIAL STATEMENT AUDIT – WHAT BUSINESSES NEED TO KNOW
Starting from the 2025 financial year, under the revised Law on Independent Audit and Decree 90/2025/NĐ-CP, the scope of entities required to conduct financial statement audits has been significantly expanded. In addition to the traditional entities such as FDI enterprises, credit institutions, public companies, securities issuers, securities trading organizations, and units utilizing state budget funds, the new regulation now includes large-scale enterprises as part of the m
bottom of page