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Việt Nam puts an end to lump-sum tax, aiming for a level playing ground

Việt Nam puts an end to lump-sum tax, aiming for a level playing ground

Under the plan, all business households nationwide will switch to a self-declaration and payment, starting from January 1, 2026, putting an end to lump-sum tax mechanism that has been in place for decades.
Small firms, household businesses to get support in shift to revenue-based tax

Small firms, household businesses to get support in shift to revenue-based tax

The Ministry of Finance is drafting a decree to implement the National Assembly’s resolution on promoting private sector development, including measures to provide free digital platforms and shared accounting software for SMEs, household businesses and self-employed individuals.
Banks, fintech companies enable shift to revenue-based taxation

Banks, fintech companies enable shift to revenue-based taxation

Millions of small business households are facing a major turning point, as the lump-sum tax system is replaced by tax declaration starting in 2026, part of a broader regulatory reform to modernise tax administration and promote a transparent and efficient...
Efforts urged to promote cashless payment

Efforts urged to promote cashless payment

Relevant authorities are requested to swiftly implement measures to encourage non-cash transactions, enhance direction and guidance, and conduct widespread communication campaigns to promote cashless payments.
Hà Nội launches large-scale promotion campaign with attractive incentives

Hà Nội launches large-scale promotion campaign with attractive incentives

Major supermarket systems and retail chains such as Winmart, BRG, Central Retail, Aeon, Lotte, Co.opmart, MediaMart and Pico will join the campaign, offering discounts of up to 50 per cent on a wide range of products.
Tax authority requires e-invoices to reflect new administrative areas

Tax authority requires e-invoices to reflect new administrative areas

The tax management system will transition from 20 regional tax branches to 34 provincial and centrally governed municipal tax offices and 350 grassroots tax units.
Tax department to hold online programme for digital sellers

Tax department to hold online programme for digital sellers

In the first five months of 2025, tax authorities collected VNĐ74.4 trillion (US$2.9 billion) from organisations and individuals engaged in e-commerce and other digital economy activities, up 55 per cent year-on-year.
MoIT supports traditional market vendors in digital transformation

MoIT supports traditional market vendors in digital transformation

The Ministry of Industry and Trade will launch the “Digital Transformation for Traditional Market Vendors” programme on June 14 during the “Cashless Payment: Driving Force of the Digital Economy” seminar.
Easing business households shift to e-invoices

Easing business households’ shift to e-invoices

Starting June 1, business households with large annual revenues have been required to transition from lump-sum tax payments to payments based on actual revenue.
Large business households required to use e-invoices from June 1

Large business households required to use e-invoices from June 1

Business households with large annual revenues from June 1 will be required to transition from lump-sum tax payments to tax payment based on actual revenue, as mandated by Decree 70/2025/NĐ-CP. 
VECOM proposes delay in e-commerce tax collection timeline

VECOM proposes delay in e-commerce tax collection timeline

Starting April 1, e-commerce and digital platforms with payment functions must declare and pay taxes on behalf of business households and individual sellers. This requirement is part of the draft amendments to the Tax Administration Law, which was passed by...
Airwallex to acquire Việt Nams CTIN Pay

Airwallex to acquire Việt Nam's CTIN Pay

Airwallex, a leading global payment and financial platform for growing businesses, will acquire CTIN Pay, an intermediary payment service company licensed in Việt Nam.
Shopee Việt Nam announces new tax payment policy for sellers

Shopee Việt Nam announces new tax payment policy for sellers

Shopee, one of the leading e-commerce platforms in Việt Nam, has issued an important notice regarding changes in tax payment obligations for business households and individual sellers operating on the platform. 
MoF proposes tax and land rent payment extension for 2025

MoF proposes tax and land rent payment extension for 2025

According to MoF, this is an extension policy, not a tax exemption or reduction.
Seven banks allow customers to pay by QR codes in Laos

Seven banks allow customers to pay by QR codes in Laos

Customers of seven banks, including Vietinbank, BIDV, Vietcombank, Sacombank, TPBank, BVBank and Nam A Bank, can now scan LaoQR codes to make payments in Laos.