Latest Regulations and Practical Guidelines for Annual Taxation and Customs in Vietnam

Key Chapter Title List

1. Tax Administration
2. Corporate Income Tax
3. Indirect Tax
4. Personal Income Tax
5. Foreign Contractor Withholding Tax
6. Transfer Pricing
7. Licensing Procedures
8. Trade and Customs
9. Global Minimum Tax Related Filing Obligations
10. Guidance on Administrative Penalties for Tax and Invoice Violations
11. Special Investment Procedures for High-Tech Sector Investment Projects
12. Anti-Dumping Measures and Tariff Incentive Scheme Updates

Document Introduction

This report focuses on the core regulatory updates and practical operational guidance in the fields of tax and customs in Vietnam for 2025. It is compiled based on the latest resolutions, decrees, and official dispatches issued by authoritative bodies such as the Vietnamese National Assembly, Government, General Department of Taxation, and Ministry of Finance, providing precise compliance references for multinational enterprises, foreign-invested institutions, and relevant practitioners.

Regarding tax administration, the report provides a key analysis of the filing obligations of multinational enterprise groups under the global minimum tax framework, clarifying the consequences of failing to fulfill filing obligations on time and the rules for tax authorities to designate filing entities. It also elaborates in detail on the administrative penalty standards for tax and invoice violations, including key matters such as determining penalty caps and the application of aggravating circumstances.

In the direct tax area, the report covers the applicable conditions for corporate income tax incentive policies, including the qualification recognition for supportive industrial products, the continuation of tax incentives after changes in registered capital and project objectives, and the rules for crediting Value-Added Tax (VAT) and import duties under tax assessment decisions. The personal income tax section clarifies practical operational points such as the determination of the book value of capital contributions in limited liability companies, the calculation of taxable income from real estate transfers, and tax withholding for personal service contracts.

In the indirect tax and withholding tax section, clear explanations are provided for the VAT treatment of specific transactions such as bonded warehouse goods delivery, real estate transfers, factory relocations, and temporary import/export for repairs. It also standardizes the applicable withholding tax standards for foreign contractor goods supply contracts. Regarding transfer pricing, the report focuses on interpreting the amendments in Decree No. 20/2025/ND-CP concerning the definition of related-party relationships, interest expense deductions, and the latest progress on Vietnam's signing of the Multilateral Competent Authority Agreement on Country-by-Country Reporting.

In the investment licensing and trade/customs fields, the report introduces the online submission process for investment project monitoring and evaluation reports in Hanoi City, as well as the scope of application and preferential policies for special investment procedures in the high-tech sector. The trade and customs section covers important content such as tariff schedule updates under the CPTPP agreement, anti-dumping measures on prestressed steel strands, and the extension of tariff incentives for automotive industry components, providing compliance guidance for enterprises engaged in cross-border trade and investment activities.

All analyses in this report are based on officially released legal documents and practical guidance, possessing a high degree of authority and practicality. It serves as a core reference material for enterprises to grasp the dynamics of Vietnam's tax and customs policies and prevent compliance risks.