In this Legal Alert, we provide a synopsis of the following recent tax-related legislation.
LAW ON CORPORATE INCOME TAX 2025 NO. 67/2025/QH15, effective October 1, 2025, introduces comprehensive reforms to Vietnam’s corporate income tax regime, including updated rules for foreign enterprises, changes to taxable and tax-exempt income, clearer deductible expenses, revised tax rates, and modernized tax incentives. It also expands the scope of CIT to cover e-commerce and digital platform activities that generate income in Vietnam, which may now constitute a permanent establishment.
DRAFT LAW ON PERSONAL INCOME TAX, expected to take effect in 2026, proposes revisions to taxable income, tax-exempt income, and the progressive tax schedule. It modernizes the tax framework to reflect new forms of income, expands exemptions for priority groups, and simplifies tax brackets.
DECREE NO. 293/2025/ND-CP PRESCRIBING STATUTORY MINIMUM WAGES FOR EMPLOYEES WORKING UNDER EMPLOYMENT CONTRACTS, effective January 1, 2026, sets new statutory minimum wages for employees working under labor contracts. It provides updated monthly and hourly minimum wage levels across four regions nationwide.
LAW ON EMPLOYMENT NO. 74/2025/QH15, effective January 1, 2026, introduces significant reforms to the unemployment insurance system, including broader participation requirements, more flexible contribution rates, and expanded benefit regimes.
RESOLUTION NO. 110/2025/UBTVQH15 ADJUSTMENT OF PERSONAL INCOME TAX EXEMPTIONS, effective January 1, 2026, increases personal income tax deductions to VND 15.5 million per month for taxpayers and VND 6.2 million/month per dependent, applying from the 2026 tax period onward.
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