Tax and Finance Newsletter – November 2025

ACAC – Standing Alongside Enterprises on the Threshold of the 2026 Policy Transition

At Anh Consulting and Auditing Co., Ltd. (ACAC), we remain steadfast in our mission to provide timely updates on changes to financial, tax, and accounting policy, while offering in-depth analytical perspectives to help enterprises proactively adapt and manage risk within an increasingly refined legal environment.

The November 2025 finance newsletter focuses on compiling and analyzing the most notable developments relating to tax, accounting, labor and payroll, social insurance, and corporate governance, with particular attention to transitional provisions taking effect at the end of 2025 and the beginning of 2026. The content is distilled from decrees, circulars, and official letters newly issued by the state management authorities.

“During this important policy transition period, understanding correctly, applying correctly, and preparing early will create a lasting advantage for enterprises. ACAC is committed to standing alongside our clients with professional expertise, practical experience, and solutions tailored to each operating context.”

Nguyễn Thị Mai Anh

General Director

Tax Policy Guidance and Updates

Value-Added Tax (VAT)

November 2025 saw a number of notable items of guidance relating to the conditions for crediting input VAT on deferred or installment payments; the issuance of e-invoices on a per-transaction basis where an enterprise is subject to enforced suspension of invoice use; and the requirements for non-cash payment documentation. These regulations emphasize the taxpayer’s own responsibility to self-declare, make adjustments, and manage tax risk.

Corporate Income Tax (CIT)

The tax authority has further clarified the tax treatment applicable to an export-processing enterprise when liquidating fixed assets into the domestic market, including the obligation to issue invoices, the method of tax declaration, and the interaction with customs regulations. This guidance is of particular significance for FDI enterprises and enterprises operating within non-tariff zones.

Personal Income Tax (PIT)

One notable highlight is Resolution No. 110/2025/UBTVQH15 on the adjustment of the personal deduction level, officially applicable from the 2026 tax period. The increase in the deduction for the taxpayer and for dependants is expected to have a direct impact on employees’ real income and on payroll planning in the period ahead.

Other Taxes

Under new regulations, the additional interest payable on land use fees and land rental for the period before the land price was determined under the 2024 Land Law is reduced from 5.4%/year to 3.6%/year, helping to ease the financial burden on enterprises and investors during the transitional period.

Governance, Labor, and Related Policy

The November 2025 newsletter also provides updates on important matters relating to social insurance, clarifying the circumstances that are not considered evasion of insurance contributions in the context of natural disasters, epidemics, and force majeure events, while also analyzing the adjustment to the regional minimum wage applicable from 1 January 2026. In addition, new guidance has been issued on the enterprise accounting regime and on accounting regulations for insurance funds, reflecting the broader trend toward greater transparency and standardization of the financial system.

Transparency – Preparation – Partnership

Through its November 2025 newsletter, ACAC aims not only to provide up-to-date legal information but also to help enterprises see the full picture of this policy transition, enabling them to proactively review, prepare, and adjust their financial, HR, and governance strategies for 2026.

We believe that taking proactive action today is the foundation for stability and sustainable growth in the future.