Newsletter

NEWSLETTER - JUNE 2025

by KMC Consulting Company Limited

KMC’s Newsletter June 2025 updated contents on accounting, tax, human resources, investment and business as follows:

 

1Official Letter (OL) No. 1992/CT-CS dated 24 June 2025 issued by the Tax Department regarding the usage of PIT withholding certificates
2OL No. 2941/CCTKV15-QLDN3-DON dated 3 June 2025 issued by the Regional XV Sub-Taxation Department regarding CIT incentives for expansion investment projects
3OL No. 1482/CT-CS dated 30 May 2025 provides guidance on CIT policy relating to new and expansion investment projects
4OL No. 962/CCTKV.XVI-QLDN4-TNI dated 11 June 2025 issued by the Regional XVI Sub-Department of Taxation regarding the policies on CIT Incentives and the Recognition of Gains/Losses from Foreign Exchange Rate Differences upon CIT Finalization
5Resolution No. 204/2025/QH15 of the National Assembly of Vietnam regarding the reduction of VAT
6OL No. 1219/CCTKV17-QLDN1 dated 29 May 2025 issued by the Regional XVII Sub-Department of Taxation regarding the issuance of VAT invoices and revenue recognition for exported sample good
7OL No. 1674/CCTKV17-QLDN1 dated 11 June 2025 issued by the Regional XVII Sub-Department of Taxation regarding VAT rates for the sale of used trucks
8OL No. 9213/CCTKV.XVI-QLDN2 dated 29 May 2025 issued by the Regional XVI Sub-Department of Taxation (Binh Duong) for enterprises exporting goods or providing services abroad from 1 June 2025 should note
9OL No. 1591/CT-CS dated 5 June 2025 introduces the new provisions of Circular No. 31/2025/TT-BTC and Circular No. 32/2025/TT-BTC issued by the Ministry of Finance
10Decree No. 117/2025/NĐ-CP dated 9 June 2025 of the Government guides on tax administration for business activities on e-commerce and digital platforms of households and individuals
11According to the provisions of Circular No. 86/2024/TT-BTC issued by the Ministry of Finance, from 1 July 2025, the Personal Identification Number (PIN, i.e., Citizen Identification Number) will replace the current Personal Tax Identification Number. Accordingly, taxpayers must comply with the regulation on using the Personal Identification Number in substitution for the Tax Identification Number from 1 July 2025
12OL No. 1973/CT-TTKT dated 23 June 2025 issued by the Tax Department regarding tax inspections at taxpayers’ business premises
13Circular No. 39/2025/TT-BCT dated 22 June 2025 of the Ministry of Industry and Trade, effective from 1 July 2025, stipulating the maximum limits on the value of goods and services used for promotion, and the maximum discount rates applicable to goods and services in promotional activities
14Notice No. 4508/TB-CCTKV15-DON dated 30 June 2025 from the Regional XV Sub-Department of Taxation regarding the update of taxpayer address information according to the new administrative division and the tax authority directly managing the taxpayer
15OL No. 2065/CT-NVT issued by the Tax Department regarding the implementation of personal identification numbers (PINs) in lieu of personal tax identification numbers (TINs) and the use of electronic identification accounts by organizations in electronic tax transactions, effective from 1 July 2025
16Circular No. 32/2025/TT-BTC dated 31 May 2025 guiding the implementation of the Law on Tax Administration concerning electronic invoices and documents stipulates
17OL No. 3593/CCTKV.XII-QLDN4-QNA dated 4 June 2025 issued by the Regional XII Sub-Department of Taxation guidelines on the trade discount policy applicable to agents where invoices are issued to the last consumers
18OL No. 10301/CCTKV.XVI-QLDN1 dated 10 June 2025 issued by the Regional XVI Sub-Taxation Department guides on the issuance of electronic invoices for interest income arising from the condominium maintenance fund deposits
19OL No. 10500/CCTKV.XVI-QLDN1 dated 11 June 2025 issued by the Regional XVII Sub-Department of Taxation regarding the issuance of invoices with an attached list of goods and/or services
20OL No. 10498/CCTKV.XVI-QLDN2 dated 11 June 2025 issued by the Regional XVI Sub-Department of Taxation regarding the issuance of electronic invoices

KMC’s Newsletter aims to update and summarize the general provisions related to Taxation, Accounting, Investment and Labor in Vietnam. You should seek professional advice before making a decision

Download the text:  KMC_Newsletter_June  2025 (EN version)