[Recap] Seminar: Updates on Corporate Income Tax (CIT) incentives and key notes on first-time IFRS adoption

On the morning of September 16, 2025, Forvis Mazars Vietnam partnered with Smart Train Academy, Amata Vietnam Industrial Park, the Skilled-Workers Supply and Training Center (SSTC) under the Dong Nai Industrial Parks and Economic Zones Authority (DNIEZA), and the Bank for Investment and Development of Vietnam (BIDV – Dong Nai Branch) to co-host an insightful seminar focusing on International Financial Reporting Standards (IFRS) and Corporate Income Tax (CIT) incentives.

Key highlights

The seminar welcomed over 150 professionals for three hours of focused learning and lively discussion. Through expert-led presentations and an engaging Q&A session, attendees walked away with practical insights on key topics:

2025 CIT Law Updates: Lower tax rates (15%–17%) for SMEs and new incentives to boost investment in digital tech, semiconductors, and data centers
IFRS 1 – First-Time Adoption: A clear roadmap for transitioning to IFRS, including timelines and how to prepare five essential financial statements
Important notes on accounting for expansion projects and managing risks when applying tax incentives – with concurrent IFRS implementation

In addition to the formal agenda, a dedicated networking session provided guests with the opportunity to connect directly with industry experts and peers, facilitating meaningful conversations about real-world challenges and solutions.

Acknowledgments

We extend our sincere appreciation to all participants whose contributions were essential to the success of this event. Forvis Mazars remains committed to supporting businesses in their transition to IFRS and helping them proactively adapt to the continually evolving tax regulatory environment.