In a document sent to local finance departments nationwide on October 12, the ministry urged provincial business registration authorities to coordinate closely with tax agencies to expedite the processing of dissolution applications.
Việt Nam has welcomed the European Union’s decision to remove it from the bloc’s list of non-cooperative jurisdictions for tax purposes, saying it stands ready to keep working with international partners to promote tax transparency and a fair, sustainable business...
Cash payments are not in themselves a tax violation, but using them to conceal sales or avoid issuing invoices can lead to tax and invoicing penalties, experts said.
Taxation is not simply an expense for long-term investors who also need clear policies, predictable obligations and consistent implementation, as well as mechanisms for dialogue and resolving problems.
The 100 leading private enterprises paid VNĐ390.7 trillion into the State budget in 2025, only around VNĐ35.1 trillion less than the contribution from the top 100 State-owned enterprises.
Beyond data management, the clean-up is aimed at improving tax administration and prevent the misuse of legal entities for invoice trading, tax evasion and fraud.
Individuals and businesses with annual revenue of no more than VNĐ10 billion (US$380,000) in 2026 and 2027 will be given a tax reduction of 30 per cent.
Thắng said the measure would initially reduce State revenue, but the lost revenue could be recovered in the longer term as household businesses and enterprises expand.
As tax policies change and tax administration becomes increasingly modern with greater application of digital technologies, businesses need to proactively new policies while standardising accounting books and supporting documents from within the enterprise.
Tax refunds have been a priority for supporting production and trade. In 2026, tax agencies at all levels have intensified coordination to ensure VAT refunds are processed promptly and in line with the law.
Tax policy is among the solutions with the most direct impact on companies. Rather than prioritising near-term revenue collection, fiscal policy is being run to help them preserve cash flow, expand production and build more sustainable revenue sources.
According to the General Department of Taxation, the inspections focused on sectors and enterprises that showed signs of irregularities and possessed significant potential for tax collection.
The accounting software should also be capable of integrating with e-invoicing software and digital signature services already used by small and micro-enterprises, business households and individual businesses.
