June Newsletter

ACAC – Financial Bulletin | June 2025

ACAC – Updates on Tax Policies, Legal Frameworks, and Digital Transformation for Late 2025

June 2025 marks a series of significant changes in the financial–tax regulatory system, ranging from VAT, e-commerce taxation, electronic identification to the amended Law on Enterprises. These shifts introduce both opportunities and challenges for Vietnamese businesses during their digital transformation and business restructuring efforts.

As an independent consulting and auditing firm, Anh Consulting & Auditing Company Limited (ACAC) continues to update, analyze, and disseminate official information, helping businesses proactively adapt – comply accurately – and optimize operations in the new context.

“Markets change rapidly, but the organizations that understand and prepare early for regulatory shifts are the ones that remain most resilient. ACAC is committed to accompanying clients, transforming policy complexity into practical solutions.”

Nguyễn Thị Mai Anh
General Director, ACAC Vietnam

1. Value Added Tax (VAT): New regulations effective from 01/07/2025

• More flexible supplementary VAT declarations: Enterprises may declare supplements in the period of occurrence if it increases tax payable, or in the period of detection if it only affects deductible input carried forward.
• Additional goods and services eligible for 0% VAT: Including international transportation, projects in non-tariff zones, maritime and international aviation services.
• End of the 2% VAT reduction from 01/07/2025 (unless extended by the National Assembly). The standard 10% rate will apply again to most goods.
• Expanded input VAT deduction criteria for exported goods, now accepting additional documents such as bills of lading, packing lists, and insurance certificates.
• New rules for promotional goods: Goods used for promotions in accordance with the Commercial Law will have a VAT taxable value of 0.
• VAT taxable value for imported goods from 01/07/2025 will include import duty, special consumption tax, and environmental protection tax.
• Tax rate adjustments: Some groups (sugar, forest products, teaching equipment, art items…) will increase from 5% to 10%; while fertilizers and fishing vessels will move from “not subject to VAT” to 5%.

2. Corporate Income Tax & E-commerce

Tax refunds for businesses applying the 5% VAT rate
Enterprises that exclusively produce or supply goods taxed at 5% are eligible for input VAT refunds if they have at least VND 300 million of uncredited VAT after 12 months.

Mandatory non-cash payment conditions
All input invoices — including those under VND 20 million — must have non-cash payment documentation to be deductible.

Decree 117/2025/NĐ-CP on e-commerce platform operations (effective 01/07/2025) requires:

• E-commerce platforms and digital marketplaces with payment functions must withhold, declare, and pay taxes on behalf of sellers/individuals.
• Tax authorities may monitor and request platforms to provide revenue data periodically.
  This regulation marks a substantial step in tax management for the digital economy, helping reduce tax loss and ensure fair competition.

3. Customs Policies: Abolishing Covid-19 era procedures

On 20/06/2025, the Ministry of Finance issued Circular 47/2025/TT-BTC, repealing two special Circulars (82/2021 and 121/2021) related to customs procedures during the Covid-19 period.
This move aims to standardize and align customs processes with normal conditions, facilitating import–export activities, especially as Vietnam strengthens its role in the recovering global supply chain.

4. Management & Enterprises: Key changes from 01/07/2025

• Promotional discounts capped at 50% of listed prices to prevent “massive fake discounts,” especially on cross-border e-commerce platforms.
• Mandatory registration of electronic identification accounts for organizations issued by the Ministry of Public Security, replacing the previous accounts on the National Public Service Portal.
• Expanded authority for the Ministry of Finance to write off tax debts (up to VND 15 billion), reducing processing time for outstanding tax cases.

Amended Law on Enterprises 2025 (Law No. 76/2025/QH15) also takes effect from 01/07/2025 with major changes:

• Expanded list of cases where individuals are prohibited from establishing or managing enterprises;
• Clear requirements on criminal record certificates for enterprise registration;
• Stricter responsibilities for state officials, public employees, officers, and senior leaders of state-owned enterprises.

5. Other updates: Identity management & tax inspection

Tax authorities require businesses to promptly update electronic identification information when changes occur in business name, address, or legal representative to avoid disruptions in administrative procedures.
Key official letters include:

• 1973/CT-TTKT (23/06/2025): Strengthening on-site tax inspections at enterprises.
• 1829/CT-CS (18/06/2025): Guidance on PIT for real estate transfers.
• 10500/CCT-KV.XVI-QLDN1 (11/06/2025): Regulations on issuing invoices with detailed appendices.
• 8347/CHQ-NVTHQ (09/06/2025): Application of 0% VAT for on-the-spot export goods.

ACAC – A Knowledge Foundation for Vietnamese Businesses

With the June 2025 Bulletin, ACAC reaffirms its mission to connect information – spread knowledge – and accompany Vietnamese businesses on their journey toward transparency and sustainability.
We believe that understanding and acting early in response to policy changes not only ensures compliance but also creates strategic advantages in an increasingly globalized competitive environment.

📄 Full Document:
Accounting – Auditing – Tax & Corporate Finance Bulletin | June 2025