Expected submission of the Decree on tax management for online business activities in Vietnam in March 2025

Expected submission of the Decree on tax management for online business activities in Vietnam in March 2025

It is anticipated that documents guiding the Law amending and supplementing the Securities Law, Accounting Law, Independent Audit Law, State Budget Law, Law on Management and Use of Public Assets, Tax Management Law, Personal Income Tax Law, National Reserve Law, Law on Handling Administrative Violations 2024 (collectively referred to as the Law amending 09 Laws) will be issued.

Among these, the Decree stipulating tax management for business activities on e-commerce platforms and digital platforms of business households and individuals (Point b, Clause 5, Article 6) is expected to be submitted in March 2025.

Additionally, Decision 1610/QD-TTg clearly states that there are several guiding documents of the Law amending 09 Laws projected to be submitted in December 2025, such as:

- Decree amending and supplementing several articles of Decree 155/2020/ND-CP dated December 31, 2020, of the Government of Vietnam detailing the implementation of certain articles of the Securities Law 2019 (Point a, Clause 3, Article 1 of Law 2024, Clause 2, Article 11 of the Securities Law 2019; Clause 6, Article 1 of Law 2024, Clause 6, Article 15 of the Securities Law 2019; Point a, Clause 9, Article 1 of Law 2024, Clause 6, Article 31 of the Securities Law 2019 (relating to private offerings by public companies, securities companies, and investment fund management companies); Point a, Clause 20, Article 1 of Law 2024, which annuls Clauses 4 and 5, Article 135 of the Securities Law 2019, Clause 7, Article 135 of the Securities Law 2019; amendments and supplements to the regulations in Decree 155/2020/ND-CP to align with the addition of the phrase “and subsidiaries” at Point b, Clause 20, Article 1 of Law 2024).

- Decree stipulating penalties for administrative violations in the field of independent audit (Clause 7, Article 3).

- Decree amending and supplementing several articles of Decree 17/2012/ND-CP dated March 13, 2012, of the Government of Vietnam providing detailed regulations and guidelines for implementing some articles of the Independent Audit Law (Point a, Clause 4, Article 3).

- Decree on using development investment capital from local budgets for construction investment projects; decisions on aid and budget allocation for units stipulated on decentralization of operation, maintenance of infrastructure assets, units assigned tasks (Point b, Clause 1, Point c, Clause 4, Article 4); guidance on order and procedures for investment, implementation programs, tasks, projects outside the medium-term investment plan (Point a, Clause 1, Article 4).

- Decree amending and supplementing Decree 138/2024/ND-CP dated October 24, 2024, of the Government of Vietnam on the formulation of estimates, management, and use of regular state budget expenditures to procure assets, equipment; renovate, upgrade, expand, construct new items in already invested construction projects (Clause 2, Article 4).

- Decree guiding the management and use of the budget for certain activities of the Communist Party of Vietnam (Clause 8, Article 4).

More details can be found in Decision 1610/QD-TTg issued on December 19, 2024.

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