[August 2025] Newsletter Tax & Legal Update

Tax Newsletter Updates
August 2025

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We are delighted to present the August 2025 Tax Newsletter, compiled by JPA Vietnam, delivering technical insights and timely intelligence. This publication provides a comprehensive analysis of material amendments to tax law, effective from 01 July 2025. These are critical matters that enterprises should proactively comprehend and operationalize to ensure legal compliance effectively and sustainably.

Key contents of the Newsletter

1. New Special Consumption Tax Law (66/2025/QH15) – Effective from 01 January 2026
New taxable items added; absolute tax introduced for alcohol, beer, and tobacco products.
Special Consumption Tax refunds are now limited to only three specific cases.

2. Fixed Asset Depreciation (Circular 30/2025/TT-BTC) – Effective from 15 July 2025
Enterprises with unused assets may temporarily suspend depreciation.

3. Draft Personal Income Tax Law 2025 – Released on 17 July 2025
Reduction in the number of tax brackets; proposed increases in personal and dependent deductions; revised method for calculating real estate transfer tax.

4. Official Letter No. 33.2025/CV-PH on 0% VAT for Services Provided to Companies in Non-Tariff Zones
Applicable only if the services are directly used for export production.