New tax policies under Decree No. 68/2026/ND-CP and Circular No. 18/2026/TT-BTC that household businesses and individual businesspersons should note
Question: I am an individual conducting small scale business activities and generating revenue annually. Recently I learned that the Government issued Decree 68/2026/NĐ-CP and the Ministry of Finance issued Circular 18/2026/TT-BTC with many new provisions on tax declaration, tax payment and electronic invoices applicable to household businesses and individual businesses. Under the new regulations, how […]
What should a foreign-invested enterprise do to carry out electronic identification procedures under the new regulations
Question: Our company has a legal representative who is a foreign national but does not frequently reside in Vietnam and currently does not have a Work Permit or a Temporary Residence Card. Meanwhile, in Vietnam, the company has a manager who has been granted a Work Permit and is using a long-term visa, but does […]
Entering into successive labor contracts with the same employee
My company has repeatedly entered into fixed-term labor contracts with an employee. Currently, a dispute has arisen between the two parties, and the employee is claiming compensation on the grounds that the company violated regulations regarding the permissible number of successive fixed-term contracts. In this case, is our company legally obligated to pay such compensation, […]
Does a monthly salary of VND 20 million require personal income tax finalization?
Question: My monthly salary is 20 million VND, and the company has already deducted PIT. Do I still need to finalize my personal income tax at year-end? Answer: Pursuant to Article 25 of Circular 111/2013/TT-BTC (guiding the Personal Income Tax Law) and Decree 126/2020/ND-CP: Individuals with income from salaries/wages under labor contracts of 3 months […]
Payment using virtual currency
Question: May I use virtual currency as a means of payment? Answer: Pursuant to Clauses 10 and 11, Article 3 of Decree No. 52/2024/ND-CP, the following provisions are stipulated regarding non-cash payment instruments and unlawful means of payment: – A non-cash payment instrument means an instrument issued by a payment service provider, a finance company […]
Personal income tax applicable to bank deposits
Question: Is interest income from my bank deposits (including foreign currency deposits) subject to personal income tax? Answer: Pursuant to subclause g.1, point g, Clause 1, Article 3 of Circular No. 111/2013/TT-BTC, the following is stipulated: Income exempt from tax Pursuant to the provisions of Article 4 of the Law on Personal Income […]
Household businesses using electronic invoices and paying tax on a per-occurrence basis
Question: Does my household business need to cease using electronic invoices after switching to the tax payment method on a per-occurrence basis? Answer: Pursuant to Clause 1, Article 16 of Decree No. 123/2020/ND-CP, as amended and supplemented by Clause 12, Article 1 of Decree No. 70/2025/ND-CP, the cases requiring cessation of electronic invoice […]
SB Law TP.HCM Receives Representatives of DeHeng Law Offices – Promoting International Legal Cooperation
On 13/03/2026, at the SB Law TP.HCM office, SB Law received representatives of DeHeng Law Offices – one of the leading law firms in China, providing comprehensive legal services to clients domestically and internationally. Attending the meeting, DeHeng was represented by Lawyer Yang Qian and members of its team, while SB Law was represented by […]
Tax Determination in Capital Contribution Transfer Activities
Question: My Company is a US-based enterprise planning to transfer ownership of Company B – which is a first-tier subsidiary of my Company in Canada – to Company E. Under current law, Company C is a subsidiary of Company B in Vietnam and a second-tier subsidiary of my Company – has the responsibility to declare […]