Other Briefings
Profit Repatriation in Vietnam: A Brief Guide in 2025
Vietnam has established clear regulations regarding profit repatriation for foreign investors, aiming to create a transparent and orderly process for foreign investors. This article explores the necessary procedures for transferring profits derived from direct investments in Vietnam and the required documentation for notification of profit remittance.
Vietnam Introduces Tax Department under Decision 381
Issued on February 26, 2025, Decision No. 381/QD-BTC (“Decision 381″) officially terminated Vietnam’s General Department of Taxation and introduced a new, optimized three-level system under the Tax Department. This article examines the functions, responsibilities, and the new organizational structure of Vietnam’s tax system, as well as key takeaways for businesses during the transitional period.
Q&A: Compliance with Vietnam’s Transfer Pricing Rules
The 2024 tax finalization, which ends on March 31, 2025, and the transfer pricing compliance declaration pose significant challenges for businesses engaged in related party transactions to comply with current and newly updated rules. This article addresses the most common questions we encounter when supporting our clients navigating Vietnam’s transfer pricing regulations.
Related Party Transactions in Vietnam: Key Provisions Under Decree 20
Stay compliant with Vietnam’s latest regulations on related party transactions. Explore key provisions of Decree 20 and its impact on transfer pricing, disclosure requirements, and tax compliance.
Vietnam’s New VAT Law: Key Compliance Guidance
We examine Vietnam’s new Value Added Tax (VAT) Law, set to take effect on July 1, 2025, which introduces significant changes to the country’s VAT regulations, along with recent clarifications by the Ministry of Finance.
How Vietnam Will Implement the Global Minimum Tax: Draft Decree Guiding Resolution 107
We discuss the Vietnam draft decree outlining the implementation of Resolution 107 and the Global Minimum Tax (GMT) under GloBE rules, introducing tax administration requirements and CIT measures to combat tax avoidance by MNCs.
Understanding the Updates to Vietnam’s Tax Codes in 2025
Effective February 6, 2025, Circular 86/2024/TT-BTC will replace Circular 105/2020/TT-BTC, which previously governed tax registration procedures in Vietnam.
Vietnam’s Personal Tax Code: Key Changes under Circular 86
Circular 86 will be implemented in two phases: the first phase, effective February 6, 2025, enforces all provisions except for the use of citizen ID numbers in tax-related functions. In the second phase, starting July 1, 2025, ID numbers will officially replace tax codes.
An Overview of Vietnam’s Environmental Protection Tax in 2025
On the books since 2010, Vietnam’s Environmental Protection Tax has been a key pillar of Vietnam’s transition to a cleaner, greener economy. In this article, we break down the key details foreign investors should know.
Q&A: Personal Income Tax Finalization in Vietnam
We touch on some frequently asked questions on the personal income tax (PIT) finalization obligations of employers and employees in Vietnam, including deadlines.
