The Corporate Tax Handbook 2025 has just been released, marking significant updates to Vietnam’s tax regime. We would like to highlight key legal aspects that businesses should take note of:

🔎 Key Legal Highlights
⚖️ New Legal Framework

– Corporate Income Tax Law (2025): preferential rates of 15% and 17% for micro & small enterprises.

– VAT Law (effective July 1, 2025): adjusted rules on exemptions and tax rates (0%, 5%, 10%).

– Resolutions 57, 68, 138, 198, 222/2025 support private sector growth, innovation, and IFC development.

💡 Tax Incentives & Support
– 10% CIT for 15 years for projects in high-tech, R&D, renewable energy, education, healthcare.

– Special incentives for digital transformation, R&D, carbon credits, and green bonds.

– Small enterprises enjoy reduced tax rates: 15% (revenue ≤ VND 3bn) and 17% (revenue ≤ VND 50bn).

📌 Dispute Resolution & Sanctions
– Clearer framework for tax complaints and administrative litigation (time limits and procedures).

– Penalties: late filing (VND 2–25m), invoice violations (up to VND 50m), tax evasion (1–3x amount; possible criminal charges).
Representatives may face exit bans if tax debts ≥ VND 500m overdue for >120 days.

🌍 Digital Transformation in Tax
* Mandatory integration of eTax – ERP – Banking systems.
* Digital signatures have full legal value as corporate seals.
* Enterprises must separate accounting for tax-incentive vs non-incentive activities.

⚠️ Key Takeaways for Businesses
✔️ Stay compliant: monitor deadlines, maintain transparent financial records, avoid transfer pricing risks.

✔️ Leverage incentives: utilize preferential CIT rates, green finance policies, and R&D benefits.

✔️ Prepare for digital tax: ensure systems and staff are ready for e-invoicing and eTax integration.

✔️ Risk awareness: stronger penalties and even criminal liability for tax fraud.

📄 Source: Corporate Tax Handbook 2025 – Legal Department, General Department of Taxation, Ministry of Finance (Ban Pháp chế – Cục Thuế – Bộ Tài chính)

Link PDF: Corporate Tax Handbook 2025

👉 At THE LAM LAW LLC – Your legal need, Our Mission, we are committed to supporting businesses in navigating Vietnam’s evolving tax and legal framework with clarity, compliance, and confidence.

THE LAM LAW LLC
🏢Indochina Park Tower, # 4 Nguyen Dinh Chieu Str, Tan Dinh Ward, Ho Chi Minh City.
📞Tel: +84 (0)28 710 58 222 – 6288 3798 – Hotline: +84 (0) 97 309 77 77
✉ Email: info@thelamlawllc.com