SBLAW Newsletter for Week 2 of July (07/7/2025 - 11/7/2025)

SBLAW is pleased to present to our valued readers the Law newsletter for Week 2 of July (07/7/2025 - 11/7/2025) with the following main contents:

1. Taxes – Charges – Fees

Decree No. 199/2025/ND-CP – Amendments to Export and Import Tariff Schedules

• Adjusts preferential import tariff rates for several items:

  • Tin-mill blackplate (TMBP) steel: 0% import tax remains until August 2025, then increases to 7% from September 1, 2025.

  • Polyethylene goods previously taxed at 0% are now subject to a 2% import tax.

• New Conditions for Preferential Tax Rates:

  • Automakers producing electric, hybrid, biofuel, and natural gas vehicles can include these units in volume calculations for tax incentives.

  • Companies holding more than 35% capital in licensed car manufacturers can aggregate production for tax incentive assessments.

  • False declarations are subject to tax collection and penalties.

• Effective Date: July 8, 2025

2. Commerce

Circular No. 44/2025/TT-BCT – Rules of Origin under AANZFTA

• Issued by the Ministry of Industry and Trade on July 7, 2025

• Specifies requirements for:

  • Certificates of Origin (C/O): must include exporter info, shipment details, 6-digit HS code, origin criteria, FOB value, authority certification, and C/O reference number.

  • Self-declared origin documents: similar details, plus the qualified exporter ID and back-to-back certification (if applicable).

• Effective Date: August 22, 2025

3. Draft Decree – Corporate Income Tax Law No. 67/2025/QH15

• Issued on July 9, 2025

• Key highlights:

  1. Taxpayers:

     • Vietnamese enterprises (worldwide income)

     • Foreign enterprises (income from Vietnam, including e-commerce)

  2. Taxable Income: includes income from business, capital transfers, asset sales, interest, marketing support, etc.

  3. Tax-Exempt Income: includes income from:

     • Agricultural, forestry, fishery, salt production in disadvantaged areas

     • Vocational education for vulnerable groups

     • Scientific R&D, digital transformation, new tech commercialization

     • Enterprises with ≥30% disabled or HIV-affected employees

  4. Deductible & Non-Deductible Expenses:

     • R&D: deductible up to 200% of actual cost

     • Non-deductible: penalties, excessive welfare, non-business assets, high-value passenger cars

  5. Corporate Tax Rates:

     • 20% (standard)

     • 15%: revenue ≤ VND 3 billion/year

     • 17%: revenue ≤ VND 50 billion/year

     • Preferential rates: 10% (15 years or permanent), 15%, 17% for priority sectors (high-tech, renewable energy, education, healthcare, etc.)

  6. Tax Exemption & Reduction:

     • 4-year exemption + 50% reduction for 9 years for 10%-taxed projects (15 years)

     • 2-year exemption + 50% reduction for 4 years for 17%-taxed projects (10 years)

     • Newly registered businesses from household enterprises: exempt for 2 years from first taxable income.We invite readers to view the detailed legal newsletter here:Newsletter 2nd July, 2025