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DECREE NO. 310/2025/ND-CP AMENDING AND SUPPLEMENTING CERTAINARTICLES OF DECREE NO. 125/2020/ND-CP DATED 19 OCTOBER 2020 OFTHE GOVERNMENT
1. The definition of ‘Force Majeure’ is introduced in Clause 10 (supplemented after Clause 9 of Decree No. 125/2020/ND-CP) “10. Force majeure events include: natural disasters, catastrophes, epidemics, fires, unexpected accidents, wars, riots, strikes, or any event that occurs objectively, is unforeseeable, and cannot be remedied by the taxpayer despite having taken all necessary measures and within their permissible capacity.” 2. The Decree amends and supplements Point a, Cl
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
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