March Newsletter

ACAC – Financial Newsletter March 2025

ACAC – Policy Updates and Business Support in Q1/2025

March 2025 marks several important changes in tax policies, enterprise management, and accounting regulations. As an independent consulting and auditing firm committed to transparency and professionalism, Anh Consulting & Auditing Company Limited (ACAC) continues to publish its periodic newsletter to help businesses stay updated on legal developments, ensure policy compliance, and optimize financial management efficiency.

“Understanding and quickly adapting to the legal framework is essential for sustainable business operations. ACAC not only provides audit and consulting services but also accompanies clients through every policy change.”

Nguyễn Thị Mai Anh
General Director, ACAC Vietnam

1. Value-Added Tax (VAT): Updates on Presumptive Tax for Household Businesses

According to Official Letter 1388/TCT-DNNCN dated 04/03/2025 and the guidelines under Decree 126/2020/NĐ-CP and Circular 40/2021/TT-BTC, tax authorities have the right to calculate and notify tax payable for presumptive household businesses based on declared tax documents.

If presumptive revenue changes by 50% or more, the tax authority will issue an adjustment notice (Form 01/TB-CNKD). If conditions for adjustment are not met, the notice will be issued using Form 01/TBKĐC-CNKD.

Tax authorities may also impose taxes when household businesses fail to register, declare, or supplement information as required, ensuring transparency in tax administration under Law on Tax Administration No. 38/2019.

2. Corporate Income Tax (CIT): Key Policies on Expenses and Incentives

Tax refund reversal due to missing non-cash payment documents
According to Official Letter 1217/TCT-CS dated 27/03/2025, if a company has received a tax refund but fails to provide the required bank transfer documents, tax authorities will reclaim the refunded VAT amount in accordance with Circular 80/2021/TT-BTC.

Medical sponsorship via the “Bright Future Fund (BFF)”
Official Letter 1440/TCT-CS dated 09/04/2025 confirms that lawful medical sponsorships made through an authorized fund may be included in deductible expenses for CIT if the company provides complete documentation: confirmation minutes (Form 04/TNDN), bank transfer records, and related documents.

Support for relocation and transfer of assets attached to land
According to Official Letter 1443/TCT-CS, companies must determine the nature of transactions — relocation support or transfer of assets — to correctly declare VAT and CIT. For corporations operating under a branch model (e.g., PVN), tax declaration and finalization must comply with Decree 126/2020/NĐ-CP and Circular 80/2021/TT-BTC, ensuring centralized and transparent accounting between headquarters and dependent units.

3. Personal Income Tax (PIT): Organizations Must Declare and Pay on Behalf of Household Businesses

According to Official Letter 1453/TCT-DNNCN dated 09/04/2025, organizations that pay bonuses, discounts, promotions, or support to presumptive household businesses are required to declare and pay PIT on their behalf.

If no payments subject to withholding arise, companies do not need to file Form 01/CNKD (under Circular 40/2021/TT-BTC).

4. Other Taxes: New Guidance on Business License Fee and Land Rental

Business license fee for representative offices (ROs)
According to Official Letter 1445/TCT-CS dated 09/04/2025, ROs engaged in the production or trading of goods and services must pay business license fee, while non-operational ROs are exempt.

This regulation is based on guidance from the Ministry of Finance: 15865/BTC-CST (07/11/2016) and 1025/BTC-CST (20/01/2017).

Determining land rental rates and land rental obligations
According to Official Letter 1145/TCT-CS dated 22/03/2025, companies leased land before 01/01/2006 and later equitized or restructured without changing land use purposes may still adjust land rental unit price and lease term under Decree 135/2016/NĐ-CP and Circular 333/2016/TT-BTC.

5. Other Issues: Tax Administration and Dependent Registration

March recorded several important tax authority guidelines, including:

• Official Letter 1023/TCT-KK (15/03/2025): Reporting requirements for taxpayers engaged in automobile transport activities.
• Official Letter 18358/CTHN-TTHT (08/04/2025): Guidance on registering other dependents.
• Official Letter 18355/CTHN-TTHT (08/04/2025): Tax policies applicable to foreign suppliers.
• Official Letter 16889/CTHN-TTHT (02/04/2025): Guidance on tax handling for asset liquidation.

ACAC – A Trusted Knowledge Partner for Businesses

With the March 2025 Newsletter, ACAC reaffirms its role as a reliable partner of Vietnamese enterprises, helping clients understand correctly – comply properly – and grow sustainably within the legal framework and international standards.

We believe that transparent knowledge is the foundation of trust – and this is the value ACAC is committed to delivering.

📄 Full document:
Accounting – Auditing – Tax & Corporate Finance Newsletter March 2025