Notable Tax, Accounting, And Labor Regulations Effective From 01 January 2026

1. Law on Special Consumption Tax (SCT) No. 66/2025/QH15 and Decree No. 360/2025/ND-CP guiding the SCT Law

Addition of SCT-taxable subjects:

• Soft drinks with sugar content exceeding 5g/100ml;

• Sports betting and entertainment betting businesses; etc.

Addition of SCT non-taxable subjects:

• Air conditioners with a capacity of 24,000 BTU or below;

• Goods outsourced by organizations or individuals for processing and directly exported abroad;

• etc.

Addition of SCT calculation methods:

• Introduction of an absolute tax rate method;

• Introduction of a mixed SCT calculation method.

2. Amended Law on Value Added Tax (VAT) No. 149/2025/QH15 dated 11 December 2025

Amendments and additions to entities eligible for input VAT deduction:
Enterprises, cooperatives, and cooperative unions purchasing agricultural products, planted forest products, livestock products, aquaculture products, or harvested seafood that have not been processed into other products or have only undergone basic preliminary processing, and selling them to other enterprises, cooperatives, or cooperative unions, are not required to declare or pay VAT but are still entitled to deduct input VAT.

Addition of VAT non-taxable subjects:

• Goods and services provided by household businesses and individuals with annual revenue of VND 500 million or less.

Amendments and additions regarding VAT rates:

• Scrap, by-products, and waste materials recovered during the production process shall be subject to the VAT rate applicable to those specific scrap, by-products, or waste materials.

3. Resolution No. 216/2025/QH15 and Decree No. 292/2025/ND-CP on the extension of agricultural land use tax exemption

The exemption of agricultural land use tax stipulated in Resolution No. 55/2010/QH12 dated 24 November 2010, as amended and supplemented by Resolution No. 28/2016/QH14 dated 11 November 2016 and Resolution No. 107/2020/QH14 dated 10 June 2020, is extended until 31 December 2030.

4. Resolution No. 109/2025/UBTVQH15 on Environmental Protection Tax rates on gasoline, oil, and lubricants issued by the Standing Committee of the National Assembly

Environmental protection tax rates applicable from 01 January 2026 to 31 December 2026 are as follows:

5. Resolution No. 110/2025/UBTVQH15 adjusting personal income tax (PIT) family deduction levels

Issued by the Standing Committee of the National Assembly:

• Taxpayer deduction: VND 15.5 million/month, equivalent to VND 186 million/year
  (previously VND 11 million/month, equivalent to VND 132 million/year)

• Dependent deduction: VND 6.2 million/month per dependent
  (previously VND 4.4 million/month)

This Resolution takes effect from 01 January 2026 and applies to the 2026 tax assessment year.

6. Circular No. 113/2025/TT-BTC guiding tax collection receipts for exported and imported goods, non-customs goods, customs fees, and transit goods and vehicles

This Circular regulates tax collection receipts for exported and imported goods, customs fees, charges on goods and vehicles in transit, including:

• Principles for issuance, management, and use of receipts;

• Receipt contents;

• Responsibilities of customs authorities in receipt management.

Effective from 01 January 2026.

B. NOTABLE LABOR REGULATIONS EFFECTIVE FROM 01 JANUARY 2026

1. Decree No. 293/2025/ND-CP stipulating new regional minimum wages

Effective from 01 January 2026:

• Region I: Increase from VND 4.96 million/month to VND 5.31 million/month
  (hourly minimum from VND 23,800 to VND 25,500)

• Region II: Increase from VND 4.41 million/month to VND 4.73 million/month
  (hourly minimum from VND 21,200 to VND 22,700)

• Region III: Increase from VND 3.86 million/month to VND 4.14 million/month
  (hourly minimum from VND 18,600 to VND 20,000)

• Region IV: Increase from VND 3.45 million/month to VND 3.7 million/month
  (hourly minimum from VND 16,600 to VND 17,800)

Note:
Since 01 July 2022, the requirement that wages for trained or skilled workers must be at least 7% higher than the regional minimum wage is no longer mandatory. However, the Government requires enterprises to review internal policies and encourages maintaining provisions that are more favorable to employees.

2. Decree No. 318/2025/ND-CP guiding the Law on Employment regarding labor registration and labor market information systems

Three groups of subjects eligible for labor registration:

1. Employees subject to compulsory social insurance under Clause 1, Article 2 of the 2024 Law on Social Insurance;

2. Employees who are employed but not subject to compulsory social insurance;

3. Unemployed persons who are not working, are seeking employment, and are ready to work.

3. Decree No. 337/2025/ND-CP on electronic labor contracts

An electronic labor contract is a labor contract concluded and established in the form of data messages in accordance with labor laws and electronic transaction laws, having the same legal validity as a written paper labor contract.

Effective date:

• This Decree takes effect from 01 January 2026.

• No later than 01 July 2026, the electronic labor contract platform must be officially put into operation.

• The conclusion and performance of electronic labor contracts under this Decree shall apply from 01 July 2026.

C. NOTABLE ACCOUNTING REGULATIONS EFFECTIVE FROM 01 JANUARY 2026

1. Circular No. 99/2025/TT-BTC replacing Circular No. 200 on enterprise accounting regimes

From 01 January 2026, Circular No. 200/2014/TT-BTC officially expires and is replaced by Circular No. 99/2025/TT-BTC, which governs the enterprise accounting regime.