Vietnam Tax and
Accounting Updates
April 2023
Vietnam Accounting
& Taxation Changes
This April 2023 publication of our Tax and
Accounting Updates looks at guidance from
the General Department of Taxation for
2022 Personal Income Tax (PIT) finalisations,
confirmation from tax authorities that updates
for new chip-based citizen identification cards
are not required, a new process for labour
policy registration in Ho Chi Minh City, updates
to the methods for Unemployment Insurance
contributions and new forms for Social
Insurance, and our regular review of recent
Official Letters released by the Tax Authorities.
DETAILED GUIDANCE FOR 2022 PIT FINALISATIONS
On 22 March 2023, the General Department of Taxation
issued Official Letter 13762/CTHN-HKDCN guiding
2022 PIT finalisations. According to the Official Letter,
individuals required to self-finalise their tax obligations
with the tax authority include:
- Residents, who earn income from salaries or wages
from two or more sources but do not meet the
conditions to authorise for employer PIT finalisation,
and where there is additional tax payable or overpaid
tax to be refunded or offset in the next tax period.
- Individuals present for the first time in Vietnam from
183 days or more during 12 consecutive months, the
first year of finalisation is 12 consecutive months
from the first day of presence in Vietnam.
- Foreign individuals who terminate working contracts
in Vietnam will finalise their PIT with tax authorities
before leaving the country.
- Residents, who earn income from salaries and
wages paid from abroad or paid by international
organisations, Embassies, and Consulates without
tax deduction during the year.
- Residents, who earn income from salaries and wages
and are entitled to tax reduction due to natural
disasters, fires, accidents or fatal diseases affecting
their ability to pay tax.
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Vietnam Tax Updates,
April 2023
Where an employer determises an employee is required
to finalise their own PIT after completing PIT finasation
under the company’s tax code, the company is not
required to adjust the PIT finalisation return, but instead,
the company will issue PIT receipts with the finalised
tax amount declared and noted in the bottom left of
the PIT receipts the following sentence: “The company…
has completed the PIT finalisation on behalf of Mr/ Ms…
(under the authorisation) in the row no. … of the appendix
no. 05-1/BK-TNCN”, for these individuals to finalise their
PIT with the tax authorities.
The deadline for PIT self-finalisation is the last day of
the fourth month from the end of the calendar year
(where the deadline falls into public holidays, it will be the
next working day, i.e., by 4 May 2023 for 2022 PIT self-
finalisation).
COMPANIES ARE NOT REQUIRED TO UPDATE THE
LEGAL REPRESENTATIVE’S CITIZEN IDENTIFICATION
INFORMATION IN THE ENTERPRISE REGISTRATION
CERTIFICATE BY 31 MARCH 2023
On 21 March 2023, the Ministry of Planning and
Investment released Official Letter 43/DKKD-GS
regarding updating information from new chip-based
citizen identification cards of Legal Representatives.
Following this letter, in relation to the request from
tax authorities for updating the information from
new chip-based citizen identification cards for Legal
Representatives on the Enterprise Registration
Certificate by 31 March 2023, the General Department of
Taxation confirms that they have not made any request.
The registration of changes, notification of changes in
business registration contents are specified in the Law on
Enterprises and Decree 01/2021/ND-CP.
A NEW PROCESS FOR LABOUR POLICY REGISTRATION
IN HO CHI MINH CITY FROM 28 MARCH 2023
On 28 March 2023, the People’s Committee of Ho Chi
Minh City issued Decision 1067/QD-UBND promulgating
a new process for registering labour policies in Ho Chi
Minh City. In accordance with the new procedure taking
effective from 28 March 2023, an application to be
submitted to the authority is to include the following:
1. Written request for registration of the labour policy (1
original)
2. Supporting documents in relation to labour discipline
and material responsibility of the enterprise (1 original)
3. Written comments of the grassroots Trade Union (1
original)
4. Labour policy (2 originals)
In addition to the form of direct submission at the
authority’s office, the applications can be submitted
online at the Public Service Portal https://dichvucong.
hochiminhcity.gov.vn.
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Vietnam Tax Updates,
April 2023

UPDATES TO THE METHODS FOR UNEMPLOYMENT OFFICIAL LETTERS RELEASED

INSURANCE CONTRIBUTIONS AND NEW FORMS FOR
SOCIAL INSURANCE
Decision 490/QD-BHXH released by Vietnam Social
Insurance on 28 March 2023, taking effect from 1 April
2023, updates the methods of Unemployment Insurance
(UI) contributions and updates forms for Social Insurance
(SI), Health Insurance (HI) and UI. Under this decision:
- All employers are required to pay UI and deduct from
employees salary to contribute at the same time to
the UI Fund on a monthly basis. (Previously, there
were some cases where employers were allowed to
deduct UI every 3 or 6 months).
- 18 forms for SI, HI, UI under previous Decision 595/
QD-BHXH in 2017 are waived.
- 28 new forms for SI, HI and UI were introduced
Investment project from conversion of an enterprise type/
ownership, splitting, separation, merger or consolidation
are not entitled to tax incentives under the new
investment project category
On 17 March 2023, the General Department of Taxation
released Official Letter 755/TCT-CS regarding corporate
income tax incentives for investment projects.
Under this Official Letter, an investment project formed
from the conversion of an enterprise type/ ownership,
splitting, separation, merger or consolidation, is not
entitled to CIT incentives under the new investment
project category. However, such investment project can
inherit the CIT incentives of the original project (before
conversion, splitting, separation, merger or consolidation)
for the remaining time provided the conditions for
enjoying tax incentives are met.

For more information on tax updates and other compliance requirements for businesses operating in Vietnam, follow
our monthly releases on the website and social media channels at vietnam.acclime.com.

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