On December 10, 2025, following the National Assembly’s approval of the Personal Income Tax 2026 Law, several significant changes were introduced regarding the progressive tax schedule, personal and dependent deductions, and the scope of taxable income. These revisions may directly affect the personal income tax obligations of employees and foreign experts working in Vietnam. The…
Managing in-house financial records often drains vital time and capital that should be spent on business expansion. Instead of struggling with complex tax compliance and reporting, savvy businesses are turning to outsourced bookkeeping to reduce overhead costs and guarantee professional accuracy. This article explores how outsourced bookkeeping services as a strategic growth engine, highlighting the…
A Step-by-Step Guide to Outsourcing Accounting Services for Small Business in Vietnam Entering the vibrant Vietnamese market offers immense opportunities for global expansion, driven by a stable economy and a pro-business regulatory environment. However, this potential is accompanied by a sophisticated web of legal frameworks, evolving tax circulars, and strict administrative requirements that can be…
1. Overview of Personal Income Tax Thresholds in Vietnam from 2026 The official policy to increase personal allowances to VND 15.5 million per month from 2026 represents a significant adjustment to Vietnam’s personal income tax system, aiming to ease the tax burden and better reflect current living costs. Under this policy, the personal allowance for taxpayers rises from VND…
1. Comprehensive List of Foreign Contractors Registered for Tax in Vietnam In recent years, the General Department of Taxation (GDT) of Vietnam has revolutionized the tax landscape for digital services. By launching a dedicated e-tax portal Vietnam (etaxvn.gdt.gov.vn), the GDT now allows foreign information providers and non-resident contractors to register, declare, and pay taxes directly….
The November 2025 newsletter highlights key Vietnam tax policy updates that businesses need to closely monitor. The focus is on important VAT regulations related to export activities, VAT refund mechanisms, invoice usage during enforcement periods, and compliance requirements for export processing enterprises (EPEs). In addition, the update addresses notable Personal Income Tax (PIT) changes, particularly…
1. Overview of Financial Reporting & Tax Finalization in Vietnam 2025 In 2025, FDI enterprises and domestic enterprises in Vietnam must fully comply with financial reporting and tax settlement obligations as prescribed. The annual financial statements include the Balance Sheet, Income Statement, Cash Flow Statement and Notes to the Financial Statements, all of which must…
1. Why Businesses Look for The Best outsourced accounting services in Ho Chi Minh City Ho Chi Minh City is the largest economic center in Vietnam, accounting for more than 23% of the country’s total GDP and attracting over 40% of new FDI projects annually (according to data from the Ministry of Planning and Investment)….
1. Key Indicators Bookkeeping Service Should Improve Businesses should consider improving their accounting services when they notice the following signs: Inaccurate or opaque reporting, making it difficult to assess the financial situation. Delays in preparing monthly/quarterly/annual reports, affecting business decisions and legal compliance. Service costs are too high compared to the quality and scope of service….
On November 25, 2025, the Tax Department issued Official Letter No. 5487/CT-CS providing guidance on value-added tax (VAT) policies for deferred or installment payments of goods and services valued at VND 5 million or more, in cases where non-cash payment vouchers are not available at the payment due date. 1. Key Points of the Official…