May Newsletter

ACAC – Financial Newsletter May 2025

ACAC – Supporting Businesses During the Policy Adjustment Period

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

“In a constantly evolving business environment, understanding and properly applying regulations is the foundation for enterprises to operate efficiently and sustainably. ACAC is committed to delivering accurate, timely information and practical advisory value to clients.”

Nguyen Thi Mai Anh
Chief Executive Officer, 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 values in VAT calculation for real estate business activities (Official Letter 680/TCT-CS). Enterprises must clearly identify the nature of the transaction — whether it is a transfer of an investment project or real estate business — to apply the correct policy.
   Meanwhile, Official Letter 758/TCT-CS stipulates VAT refunds for investment projects with accumulated non-deductible VAT from 300 million VND or more, provided that the dossier fully meets the requirements under the Law on Tax Administration.
2. Corporate Income Tax (CIT)
   The Government has issued Decree 20/2025/NĐ-CP amending Decree 132/2020/NĐ-CP on tax administration for enterprises with related-party transactions. The new regulations add provisions related to financial and banking-related party relationships, update Appendix I – Information on related-party transactions, and adjust the transition 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 has implemented an automated personal income tax refund process on the electronic system. The eTax Mobile application enables taxpayers to review, confirm, or modify suggested declarations, enhancing transparency, speed, and convenience in the tax refund process.

Investment Incentives & Business Support Policies

Automotive Supporting Industry Tax Incentives
Decree 21/2025/NĐ-CP extends the preferential policy of 0% import tax on automotive parts and materials until December 31, 2027, supporting enterprises in the automotive supporting industry, promoting localization, and advancing domestic automobile manufacturing.

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

Research on Tax & Land Rent Exemptions/Reductions
Resolution 27/NQ-CP assigns the Ministry of Finance to propose tax, fee, and land rent exemption, reduction, and extension policies aimed at easing financial burdens and supporting businesses during early 2025. Meanwhile, the State Bank is instructed to continue flexibly managing monetary policy, reducing lending interest rates and increasing credit for production and business activities.

Labor, Technology & Digital Governance

Electronic Signatures and Trusted Services
Decree 23/2025/NĐ-CP (effective from April 10, 2025) categorizes electronic signature certificates into four groups, including national, public, and specialized digital signature certificates. This regulation establishes an essential legal foundation for digital transformation, data security, and electronic transactions within enterprises.

Salary Adjustment & Social Insurance in 2025
Circular 01/2025/TT-BLĐTBXH stipulates the adjustment coefficients for monthly salaries used to calculate social insurance (SI), ranging from 5.63 (before 1995) to 1.00 (in 2025), ensuring employees’ benefits upon retirement or when receiving allowances.

Tax Registration under Circular 86/2024/TT-BTC
From February 06, 2025, Circular 86/2024/TT-BTC officially replaces Circular 105/2020/TT-BTC, simplifying tax registration and information update procedures, applicable to both electronic and paper dossiers. Decision 155/QD-BTC announces new administrative procedures supporting businesses in tax registration, cancellation, or relocation.

Toward Transparency and Sustainability

The February 2025 Newsletter reflects ACAC’s commitment to updating, analyzing, and promptly disseminating legal policies, helping enterprises proactively adapt to changes and ensure transparency and compliance in all financial activities.

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

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