The Law on Tax Administration 2019, as amended and supplemented in 2024, has supplemented the provisions regarding exit suspension for certain groups of subjects (including individuals being legal representatives of enterprises) who have yet to complete their tax payment obligations with the tax arrears and the overdue period threshold as prescribed by the Government. Accordingly, on February 28, 2025, the Government promulgated Decree No. 49/2025/ND-CP on the thresholds for application of exit suspension with some notable points that enterprises should be noted.
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Draft guidelines on tax deduction and payment obligations of organizations managing e-commerce trading floors and digital platforms
The Ministry of Finance is developing and collecting comments on the Draft Decree regulating tax management for business activities on e-commerce platforms and digital platforms of business households and individuals (as of February 28, 2025) (Draft Decree). The Draft Decree specifies the responsibility of organizations managing e-commerce trading floors, digital platforms with payment functions, and […]
Read moreNotable contents of Law on Value Added Tax 2024
On November 26, 2024, the National Assembly enacted the Law on Value Added Tax 2024 (the Law on VAT 2024), replacing the Law on Value Added Tax 2008 and its amendments and supplements. The Law on VAT 2024 is developed and promulgated with the aim of refining VAT policies to enhance and broaden revenue sources, stabilize state budget revenues, address the recent issues in implementing the previous Law on VAT, as well as reform administrative procedures to facilitate and protect the rights of taxpayers. The Law will take effect from July 1, 2025.
Read moreNew regulations on sanctions for administrative violations in the land sector
On October 4, 2024, the Government issued Decree 123/2024/ND-CP regulating sanctions for administrative violations in the land sector (Decree 123). This Decree is issued to ensure consistency with several provisions of the Law on Land 2024 and to overcome several difficulties and obstacles in the implementation of Decree 91/2019/ND-CP on sanctions for administrative violations in the land sector.
Read moreSome new regulations on land use levy, land rent
On July 30, 2024, the Government promulgated Decree 103/2024/ND-CP on Land Use Levy and Land Rent (Decree 103). This Decree aims to provide details for the Law on Land 2024 regulations related to the calculation, collection, payment, and management of land use levy and land rent. Also, the Decree is intended to resolve the issues […]
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