Tax Newsletter | May 2026
Vietnam Tax Newsletter – May 2026
JPA Vietnam highlights key updates on Decree 141/2026/ND-CP, Decree 144/2026/ND-CP and Decree 132/2026/ND-CP, covering tax policies for household businesses, VAT deduction rules and administrative sanctions in accounting and independent auditing.
Contents
01. Decree 141/2026/ND-CP 02. Decree 144/2026/ND-CP 03. Decree 132/2026/ND-CP Download the full newsletter01.Decree 141/2026/ND-CP: tax policies for household businesses, individual businesses and small enterprises
Decree 141/2026/ND-CP amends and supplements Decree 68/2026/ND-CP and Decree 320/2025/ND-CP, with effect from 1 January 2026. It applies to household businesses, individual businesses and enterprises, focusing on tax exemption thresholds, e-invoice usage and transitional rules.
Tax exemption threshold
The annual revenue threshold eligible for tax exemption is raised from VND 500 million/year to VND 1 billion/year, applicable to household businesses, individual businesses and qualifying small enterprises.
E-invoice rules
Household businesses with previous-year revenue exceeding VND 1 billion, or those requesting to use e-invoices, must use e-invoices generated from cash registers connected to the tax authority’s data system.
| Criteria | Old rule | New rule under Decree 141/2026/ND-CP |
|---|---|---|
| Revenue exemption threshold | ≤ VND 500 million/year | ≤ VND 1 billion/year |
| E-invoice requirement | Required from VND 1 billion | Required only if revenue is over VND 1 billion |
| Newly established small enterprises | Mostly applicable | Exempt if revenue is ≤ VND 1 billion |
| Affiliated relationships | No specific rule | Excluded if the affiliate does not qualify |
Transitional note: Newly established enterprises projecting revenue of VND 1 billion or below are not required to make provisional CIT payments. If actual revenue exceeds VND 1 billion, they must declare and finalize tax according to regulations, without late payment penalties.
02.Decree 144/2026/ND-CP: updated VAT declaration and deduction rules
Decree 144/2026/ND-CP, effective from 20 June 2026, amends and supplements Decree 181/2025/ND-CP on VAT, as amended by Decree 359/2025/ND-CP. The update clarifies input VAT deduction conditions for contracts and invoices not yet due for payment.
Deduction before payment due date
For goods and services exceeding VND 5 million, businesses may deduct input VAT even without non-cash payment documentation if the payment is not yet due under the contract.
Adjustment and re-deduction
If payment becomes overdue and non-cash payment documentation is missing, the taxpayer must reduce the deducted VAT. Once valid payment documents are available, re-deduction may be declared in the relevant tax period.
| Industry | Decree 181/2025 | Decree 144/2026 |
|---|---|---|
| Insurance services | General rules, no specific guidance | Specific guidance on deductions and non-taxable items |
| Debt sales | Sale of accounts payable, accounts receivable and certificates of deposit between non-credit institutions | Debt sales include the sale of accounts payable, accounts receivable and certificates of deposit |
| Resource products | Product codes 2529.22.00, 7606.11 and 8106.10 | Product codes 2529.22.00, 7606.11 and 8106.10 are removed |
03.Decree 132/2026/ND-CP: administrative sanctions in accounting and independent auditing
Decree 132/2026/ND-CP, effective from 21 May 2026, amends Decree 41/2018/ND-CP on administrative sanctions in accounting and independent auditing, with additional focus on penalty timing, sanctioning authority and anti-money laundering compliance in accounting services.
Statute of limitations
The Decree clarifies how to calculate the statute of limitations for completed violations, ongoing violations and accounting-related violations, including criteria for determining when a violation ceases.
AML/CFT obligations
Article 35a adds penalties for breaches in anti-money laundering, counter-terrorism financing and counter-proliferation financing obligations in accounting service businesses.
- Penalty amounts in Chapter II generally apply to organizations, except for specified provisions.
- The principle that organizational penalties are twice those applicable to individuals is clarified.
- Authority is further allocated to finance departments, accounting and auditing supervisory bodies, State Bank inspectors, People’s Committees and electronic enforcement mechanisms.
- The displayed provisions mainly focus on accounting, accounting services and AML/CFT, while independent auditing remains covered under the broader regulatory framework.
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