Taxflash # 06 & 07/2025 – highlighting key CIT and VAT changes

In this Taxflash Issues, we update some key contents on VAT and CIT changes 1 July 2025. 

 1. Value-added tax: 

• • • Lower cash payment thresold 
    • VAT rates for foreign contractors 
    • Objects not subject to VAT 
    • Timing to determine output VAT  
    • Revised VAT declaration principles 
    • VAT refund 
    • Acts prohibited from tax deduction and refund 
    • Additional VAT reduction from 1 July 2025 

 2. Corporate income tax: 

• • • Taxpayers 
    • CIT offset for CIT arising from foreign investment income 
    • Tax rates for small and medium sized businesses  
    • CIT incentives 
    • Deductible and non-deductible expenses 
    • Profit and loss offset principles 
    • Recommendation 

To download the Taxflash files, please click here

Taxflash # 06:

Taxflash # 07:

UHY AUDITING AND CONSULTING COMPANY LIMITED

Mr. Thanh Nguyen – Deputy General Director
Email: thanhnt@uhy.vn

Hanoi Head Office

5th floor, B2 Building, Roman Plaza, To Huu Street, Nam Tu Liem District, Ha Noi City
Phone: +84 245 678 3999
Fax: +84 243 755 7448

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4th floor, 63B Calmette, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City
Phone: +84 283 820 4899
Fax: +84 283 820 4909

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