We want to notify you of the recent Vietnamese legislation taking effect in January and February of 2025:
1. Law No. 56/2024/QH15 amending articles of the Law on Tax Administration
Effective 1 January 2025, this law extends tax obligations to all foreign suppliers and requires e-commerce platforms to handle tax payments for sellers starting 1 April 2025.
2. Circular No. 86/2024/TT-BTC regulating tax registration
Effective 6 February 2025, this law replaces tax IDs with personal identification numbers from 1 July 2025 and updates tax registration forms.
3. Resolution No. 174/2024/QH15 on continuing to reduce value-added tax
Effective 1 January 2025, VAT is kept at 8% for certain goods and services from January through June 2025.
4. Decree No. 158/2024/ND-CP regulations on road transport activities
Effective 1 January 2025, this law requires rented vehicles to display “CONTRACTED VEHICLE” signage, execute contracts before the commencement of passenger transport, and adhere to specified pickup/drop-off locations in the hire contract.
Please click the hyperlink below to download a full version of this legal alert.
If you need more information or help navigating these changes, please do not hesitate to contact us.
• Diep Hoang +84 28 7300 0864 (ext 120) Diep.hoang@dilinh.com.
• Michael Lee +84 28 7300 0864 (ext 130) Michael.lee@dilinh.com.