Tourists sit at a restaurant as a cyclo rider carries a passenger in the Old Quarter of Hanoi on June 16, 2025. Under Vietnam's new rules, the VAT system will see major changes. - AFP
HANOI: From July 1, Vietnam will officially enforce a new set of tax laws that are expected to reshape the country’s tax system in both structure and administration.
These changes follow the passing of several amended tax laws, including the revised Law on Value-Added Tax (VAT), Law on Corporate Income Tax, Law on Personal Income Tax and Law on Special Consumption Tax. The updates are seen as a major reform to improve fairness, efficiency and transparency in taxation.
