2025

After more than five years of implementation, the Law on Tax Administration No. 38/2019/QH14 (Law on Tax Administration 2019) has become an important legal basis affecting the production and business activities of organizations and individuals. However, with rapid changes in the practical socio-economic development, especially the explosion of the digital economy with new business types and transaction digitalization tendency, this Law has not kept up with the development. Accordingly, a Draft Law on Tax Administration is currently being drafted and consulted by competent agencies to overcome the inadequacies of the Law on Tax Administration 2019, and promote the modernization and comprehensive digital transformation of tax collection management. The Draft Law also aims to apply modern, interconnected, and integrated information technology to promote digital transformation in tax management. Some new provisions of the Draft Law might affect individuals, enterprises and organizations are analyzed in the Legal Newsletter No. 09/2025.

The article “Draft Law on Tax administration: Promotion digitalization in tax administration to faciliate taxpayers and improve tax administration efficiency” are presented by Tran Thi Thuy Mai.

After nearly two decades of implementation, the Law on Personal Income Tax 2007 and its subsequent amendments and supplements have promoted their significant role but also revealed shortcomings in the context of socio-economic developments. Currently, the Law on Personal Income Tax (the Draft Law) is being drafted by competent authorities and is being sought for public consultation, with the aim of addressing existing limitations and improving the legal framework governing personal income tax. The Draft Law not only focuses on protecting the legitimate rights and interests of taxpayers, but also enhances the effectiveness of State administration in this field. The Law on Personal Income Tax will soon be promulgated in the future; therefore, organizations and individuals should proactively research and update the provisions of the Draft Law for prompt access to any legal changes.

The article “The Draft Law on Personal Income Tax: Gradually facilitating taxpayers, enhancing State administration efficiency” are presented by Pham Quynh Nhung.

On June 14, 2025, the National Assembly passed the Law on Corporate Income Tax 67/2025/QH15 (CIT Law 2025), effective from October 1, 2025 and applicable from the CIT period of 2025. The CIT Law 2025 is developed and promulgated to institutionalize the policies and orientations of the Party and the State on reforming the tax policy system; overcome shortcomings and challenges in the implementation of CIT regulations in the past; ensure consistency and uniformity among domestic legal regulations and in line with the global trend of CIT reform, as well as inherit current CIT regulations that have been proven in practice to have a positive impact on the socio-economic situation.

The article “Law on Corporate Income Tax 2025: New regulations on taxable and tax-exempt incomes, tax calculation methods for enterprises” are presented by Le Mai Phuong.

Within the framework of the 9th session of the 15th National Assembly, the National Assembly is expected to pass the law amending and supplementing a number of articles of the Law on Bidding, the Law on Investment in the Form of Public-Private Partnership, the Law on Customs, the Law on Value-Added Tax, the Law on Export and Import Duties, the Law on Investment, the Law on Public Investment, and the Law on Management and Use of Public Property (Law amending eight laws), which will take effect from July 1, 2025. To ensure simultaneous enforcement with the Law amending eight laws, the Ministry of Finance has been assigned to preside over the drafting of a decree amending and supplementing a number of articles of Decree 31/2021/ND-CP, which details and guides the implementation of the Law on Investment, under fast-track order and procedures. The Draft aims to resolve difficulties and obstacles, unlock resources, create the most favorable conditions for enterprises, and enhance the effectiveness and efficiency of state management in investment and business activities.

The article “Amendment to the Decree guiding the Law on Investment: Simplifying procedures, unlocking resources for economic development” are presented by Nguyen Quoc Dzung.

On May 5, 2025, the Ministry of Finance issued Circular 19/2025/TT-BTC (Circular 19) providing regulations on the registration of public companies, cancellation of public company status, and audited report on contributed charter capital. Circular 19 provides detailed guidelines on certain provisions of the Law on Securities 2019, as amended and supplemented by Law 56/2024/QH15, and replaces certain articles of Circular 118/2020/TT-BTC providing guidelines on public offerings and issuance of securities, tender offers, share repurchases, registration of public companies and cancellation of public company status. Circular 19 was enacted to improve the legal framework governing the registration and cancellation of public company status in the context of recent amendments and supplements to the Law on Securities, which contributes to strengthening state supervision and enhancing corporate accountability in securities market activities.

New regulations on registration and cancellation of public company status: Toward a transparent and sustainable securities market are presented by Phan Thi Hoang Hai.