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 […]

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 […]

  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 […]

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 […]

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 […]