February Newsletter

ACAC – Financial Newsletter February 2025

ACAC – Supporting businesses amid policy adjustments

February 2025 continues to witness notable changes in the legal framework for tax, investment, and labor. As a professional consulting and auditing firm, Anh Consulting & Auditing Company Limited (ACAC) accompanies the business community in updating, analyzing, and promptly implementing financial–tax policies to help clients optimize operations and ensure legal compliance.

“In a constantly evolving business environment, understanding and correctly applying regulations is the foundation for effective and sustainable operations. ACAC is committed to providing clients with accurate, timely information and practical advisory insights.”

Nguyễn Thị Mai Anh
General Director, ACAC Vietnam

Updates on Corporate Tax & Financial Policies

1. Value-Added Tax (VAT)
   The General Department of Taxation provides detailed guidance on determining deductible land prices for VAT calculation in real estate business activities (Official Letter 680/TCT-CS). Enterprises must clearly identify whether the transaction is a transfer of an investment project or a real estate business activity to apply the correct policy.
   At the same time, Official Letter 758/TCT-CS stipulates VAT refunds for investment projects with accumulated input VAT of at least VND 300 million that has not yet been fully credited, provided that the dossier complies with the Law on Tax Administration.
2. Corporate Income Tax (CIT)
   The Government issues Decree 20/2025/NĐ-CP amending Decree 132/2020/NĐ-CP on tax administration for enterprises with related-party transactions. The new regulation supplements provisions related to financial and banking linkage relationships, updates Appendix I – Information on related-party transactions, and adjusts the transitional mechanism for non-deductible interest expenses, effective from the 2024 tax period.
3. Personal Income Tax (PIT)
   According to Decision 108/QD-TCT dated 24/01/2025, the General Department of Taxation implements an automatic personal income tax refund process on the electronic system. The eTax Mobile application allows taxpayers to review, confirm, or edit suggested declarations, making the refund process more transparent, faster, and more convenient.

Investment and Incentive Policies

Automotive Supporting Industry – Tax Incentives
Decree 21/2025/NĐ-CP extends the program of 0% import tax on automotive components and materials until 31/12/2027 to support enterprises in the automotive supporting industry, promote localization, and foster domestic automobile production.

Special Investment – Issuance of Investment Registration Certificates (IRC)
Under Decree 19/2025/NĐ-CP, investors implementing special investment procedures must submit commitments on technical standards, environmental protection, and fire safety, as well as meet planning requirements. Applications will be reviewed simultaneously by specialized authorities, creating a unified and transparent project management process.

Study of Tax and Land Rent Exemptions/Reductions
Resolution 27/NQ-CP assigns the Ministry of Finance to lead the development of policies on tax, fee, and land rent exemption, reduction, and deferral to ease financial burdens and support businesses in early 2025. At the same time, the State Bank is directed to continue flexible monetary policy management, reducing lending interest rates and expanding credit for production and business.

Labor, Technology & Digital Governance

Electronic Signatures & Trust Services
Decree 23/2025/NĐ-CP (effective from 10/4/2025) classifies electronic signature certificates into four groups, including national, public, and specialized digital signature certificates. This legal framework is essential for digital transformation, data security, and electronic transactions in enterprises.

Salary Adjustment and Social Insurance 2025
Circular 01/2025/TT-BLĐTBXH stipulates the adjustment coefficient for monthly salary used as the basis for social insurance contributions, ranging from 5.63 (before 1995) to 1.00 (year 2025), ensuring employees’ benefits upon retirement or when receiving allowances.

Tax Registration under Circular 86/2024/TT-BTC
From 06/02/2025, Circular 86/2024/TT-BTC officially replaces Circular 105/2020/TT-BTC, simplifying tax registration and information update procedures for both electronic and paper submissions. Decision 155/QD-BTC announces new administrative procedures that facilitate tax registration, cancellation, or relocation.

Towards Transparency and Sustainability

The February 2025 Newsletter reflects ACAC’s commitment to timely updates, analysis, and dissemination of legal policies, helping businesses proactively adapt to changes and ensure transparency and compliance in all financial activities.

ACAC will continue to accompany clients on the journey toward sustainable development — where professional standards, in-depth expertise, and practical value come together to build trust in business.

📄 Full Document:
Accounting – Auditing – Tax & Corporate Finance Newsletter February 2025