Key updates under new Law on Personal Income Tax (“PIT”) No. 109/2025/QH15
On 10 December 2025, the National Assembly officially passed the Law on Personal Income Tax (“PIT”) No. 109/2025/QH15, replacing the Law on PIT No. 04/2007/QH12 passed in 2007. The new Law introduces amendments to a number of regulations concerning taxpayers, taxable income, tax-exempt income, tax reductions, and the basis for PIT calculation.
Accordingly, the new PIT Law includes several notable updates as follows:
1. Income from Salaries and Wages
- Expansion of PIT exempt income items
- Adjustment to PIT tax rates
- Increase in family relief
- Other deductions
2. Income from Business
3. Income from Capital Transfer
4. Income from Winnings, Royalties, Inheritances, and Gifts
5. Introduction of an additional category of taxable income – other incomes
6. Some other cases of tax exemption and reduction
7. Effective date
Please refer to the full updates in the Download section below.
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Da Nguyen Partner, Tax
Law on PIT No. 109/2025/QH15
On 10 December 2025, the National Assembly officially passed the Law on Personal Income Tax (“PIT”) No. 109/2025/QH15, replacing the Law on PIT No. 04/2007/QH12 passed in 2007. The new Law introduces amendments to a number of regulations concerning taxpayers, taxable income, tax-exempt income, tax reductions, and the basis for PIT calculation.
Decree 320/2025/ND-CP on CIT
On 15 December 2025, the Government promulgated Decree 320/2025/ND-CP (“Decree 320”), providing detailed regulations on a number of articles of, and measures for the implementation and guidance of, the Law on Corporate Income Tax (“CIT”). Accordingly, Decree 320 introduces a number of notable updates, including the following.
Tax & Legal updates - Issue December 2025
Stay up to date with the latest tax guidance from Vietnam’s authorities, featuring key updates on Value added tax (VAT), Foreign contractor tax (FCT) and other important regulations released in December 2025.
Key highlights on Law on Investment 2025
On December 11, 2025, Law on Investment No. 143/2025/QH15 (“LoI 2025”) was passed by the National Assembly and will officially take effect on March 1, 2026. However, the provisions on conditional investment and business lines (Article 7 and Appendix IV) will take effect from July 1, 2026. The following legal update summarizes several key new highlights of the LoI 2025 that investors should take note...
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