The updated tax laws in Vietnam demonstrate the country’s initiatives to streamline its revenue framework in line with worldwide practices. These new regulations are designed to boost transparency, support growth, and create fairness in tax administration. Understanding the Vietnamese new tax codes is important for entities operating within or in partnership with Vietnam. A primary focus of the changes is the adjustment of CIT policies. The standard level remains at twenty percent, but clarified criteria have been issued for deductible expenses. Businesses can now only deduct expenses that are fully documented and linked to business operations. This minimizes tax evasion and ensures fairness in tax filings. Furthermore, the rules for tax incentives have been restructured. Industries such as technology-driven, renewables, and healthcare may receive reduced rates, but clear qualifications must now be met. This move aims to guide capital into strategic zones that drive national progress. Personal income tax has also seen significant changes. The tax bands remain intact, ranging from a stepped structure, but there are revised interpretations on reportable earnings. Foreign earnings for residents must now be included in filings, even if taxes have already been paid abroad. This step strengthens Vietnam’s global tax compliance and follows OECD tax principles. Value-added tax regulations has been refined with updated categories for taxable goods and services. The standard rate remains at ten percent, but certain sectors now qualify for lower taxation such as public education. E-commerce are also now legally recognized under VAT obligations, requiring platform owners to register their operations accordingly. A major highlight in the Vietnamese new tax codes is the DST. This tax applies to foreign digital platforms that generate income in Vietnam without a registered branch. Entities like online marketplaces must now remit taxes under a simplified regime designed for international vendors. The digital invoicing requirement is another key reform. All businesses must issue electronic invoices with a standardized format. This change helps reduce fraud and allows the GDT to monitor transactions in real-time. The implementation timeline is being rolled out gradually, with training offered to assist users. Another notable change is in the tax audit procedures. The GDT now uses AI-powered systems to identify targets. This method reduces unnecessary scrutiny and raises accuracy in tax administration. Taxpayers with a clean record may face fewer audits, while those with discrepancies could be inspected more closely. Transfer pricing rules have also been updated. Multinational corporations must now provide documentation on intra-group dealings to curb base erosion. The Vietnamese tax authority now mandates submission of master files in compliance with BEPS standards. Consequences for tax evasion have become stricter. The new code outlines clear fines for underreporting, ranging from administrative actions to legal prosecution in extreme cases. However, there are also channels for voluntary disclosure, allowing taxpayers to amend mistakes without harsh penalties if done within a reasonable timeframe. The Vietnamese new tax codes also place emphasis on transparency. Taxpayers can access information via the official look up tax code according to tax administration website, which now offers online forms and digital consultation. The use of technology has been expanded to improve interactions. In summary, the Vietnamese new tax codes signal a new era in how the country manages taxation. These amendments are intended to boost efficiency, protect public funds, and promote transparency. Individuals who stay informed about these new tax rules will be better prepared in navigating the evolving financial landscape of Vietnam.