September Newsletter

ACAC – Financial Bulletin | September 2025

ACAC – Updates on Tax Policies, Investment, and Financial Management | September 2025

September 2025 saw the issuance of numerous important legal documents, profoundly affecting tax management, public investment, bidding, customs, and enterprises. As a professional consulting and auditing firm, Anh Consulting & Auditing Company Limited (ACAC) continues to compile, analyze, and present the monthly bulletin to businesses with the aim of helping clients stay up-to-date, ensure effective compliance, and guide sustainable financial strategies.

“Policy updates are how businesses measure the pace of economic change. ACAC is committed to accompanying clients on the journey of compliance, transparency, and sustainable growth.”

Nguyễn Thị Mai Anh
General Director, ACAC Vietnam

1. Value Added Tax (VAT): Refund Guidance and 0% Rate Application

The Ministry of Finance issued Decision 3078/QĐ-BTC (03/09/2025) regulating VAT refund procedures for commercial banks acting as refund agents for departing customers. The new process allows electronic submission via the National Public Service Portal, reducing processing time to 3 working days from the date of receipt.

Additionally, Decree 181/2025/NĐ-CP provides detailed guidance on the 2024 VAT Law, expanding the 0% tax rate to goods sold into non-tariff zones, on-site export goods, and services provided directly to organizations within non-tariff zones — marking an important step toward policy transparency and export promotion.

2. Corporate Income Tax (CIT): Incentive List and Conditions from 01/10/2025

Under the 2025 CIT Law (effective from 01/10/2025), 18 new priority sectors and industries have been identified, including:

• Application and development of high technology, chip manufacturing, data centers, renewable energy;
• Production of supporting industrial products, information security, key digital technologies;
• Investment projects with scale over VND 12,000 billion;
• Socialization in education, healthcare, sports, culture, and environment.

Enterprises seeking incentives must separately account for income from incentivized activities, ensuring proper documentation, accounting records, and investment conditions. Non-compliance may result in tax arrears recovery and administrative penalties.

3. Personal Income Tax (PIT): Preparing for the Replacement PIT Law

On 05/08/2025, the Government Office issued Notice 397/TB-VPCP, conveying the conclusions of Deputy Prime Minister Hồ Đức Phớc regarding the finalization of the Draft Replacement PIT Law.
Key topics under consideration include:

• New tax calculation methods for bonus shares and dividend shares;
• Tax calculation for real estate and securities to avoid market disruption;
• More flexible personal deductions, considering inflation adjustment and actual income.
  The law is expected to be presented to the National Assembly in the October 2025 session, opening a comprehensive reform phase for personal taxation in Vietnam.

4. Other Taxes: Decree System Guiding the Amendment of Eight Finance, Investment, and Bidding Laws

Following the Law 90/2025/QH15, the Government issued a series of Decrees 167, 181, 182, 186, 214, 225/2025/NĐ-CP to detail regulations on customs, VAT, import-export taxes, public asset management, and bidding.
In particular, Decree 214/2025/NĐ-CP (04/08/2025) adjusts direct contracting thresholds with maximum limits:

• VND 800 million for consulting services;
• VND 2 billion for goods, construction, and non-consulting services.

Additionally, Decree 182/2025/NĐ-CP allows import duty exemption for goods serving science, technology, and innovation, promoting high-tech industry development.

5. Other Issues: Social Insurance, ODA Capital, and Enterprise Registration Procedures

• Decision 2002/QĐ-TTg (11/09/2025): stipulates expenditure levels for social insurance (SI), health insurance (HI), and unemployment insurance (UI) in 2025 — including SI operations at 1.36% of total revenue and HI at 3.09% of contribution payments.
• Decree 242/2025/NĐ-CP (10/09/2025): prioritizes the use of ODA and concessional loans for infrastructure, climate response, science & technology, and digital transformation projects.
• Decree 168/2025/NĐ-CP: provides guidance on enterprise registration and change of head office address. The Tax Department requires enterprises to implement unified electronic tax codes across 34 provinces/cities, ensuring synchronized tax management.

6. Notable Documents in September 2025

• Official Letter 4051/CT-NVT (25/09/2025): E-invoicing for public asset sales.
• Official Letter 4025/CT-CS (24/09/2025): Land lease payments and related procedures.
• Official Letter 25426/CHQ-NVTHQ (22/09/2025): VAT on returned export goods.
• Official Letter 3958/CT-CS (19/09/2025): Land lease exemption documents and resolution process.

ACAC – Accompanying Businesses on the Path to Transparency and Growth

The September 2025 Bulletin demonstrates ACAC’s efforts to continuously update, analyze, and deliver accurate, timely information to the business community.
We believe that when enterprises understand the law – act correctly – and anticipate early, it lays the foundation for sustainable development in a globally competitive environment.

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