The Cần Thơ Tax Department advised Ms. Dương Vy Thảo that monthly production allowances and production remuneration paid by a public non-business unit that partially self-funds recurrent expenses (group 3) to staff directly involved in production and to managers may be counted as deductible expenses when determining corporate income tax taxable income. Under Decree No. 320/2025/NĐ-CP, the expense must be actually incurred, supported by sufficient invoices and documents, and paid by non-cash means for transactions of 05 million VND or more. Salaries and allowances payable but not actually paid by the annual tax finalization filing deadline are not deductible, unless the enterprise has set up a salary reserve fund capped at 17% of the actual salary fund. The unit should review beneficiaries, payment levels, approval authority and documents, and align with the financial autonomy regime applicable to it.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Các khoản chi được trừ khi xác định thu nhập chịu thuế thu nhập doanh nghiệp
Keywords
taxesbusinessesVietnamregulation
Open a keyword to see other news on the same topic.
Related tickers and likely impact
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/23/2026 | 1,774.15 |
| Change that session | +0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Cant be repeated : revolt over card ban blackout
Business groups have demanded an explanation after being kept in the dark for months about a plan by the Australian Taxation Office (ATO) to stop accepting credit card payments for tax bills. Assistant Treasurer Daniel Mulino said the government learned of the plan in July, and the ATO decided in late September to proceed when the Reserve Bank’s ban on card surcharges took effect in October. After a backlash from small business, the government will cover card fees until the end of the financial year and has urged the ATO to keep negotiating a transition period with card companies. Australian Chamber of Commerce and Industry chief executive Andrew McKellar said businesses were told only hours before the ban took effect, calling it a deficient policymaking process that “cannot be repeated.” Shadow treasurer Tim Wilson said small businesses should not learn about such decisions in the newspaper.
- Cant be repeated : revolt over card ban blackout
Business groups have demanded an explanation for why they were kept in the dark for months about the Australian Taxation Office's plan to ban credit card payments for tax bills. Assistant Treasurer Daniel Mulino said the government knew of the plan in July, the ATO decided in late September, and Labor stepped in to cover card fees until the end of the financial year after small business protests. Australian Chamber of Commerce and Industry chief executive Andrew McKellar said the policymaking process “cannot be repeated,” while Industry Minister Tim Ayres rejected the criticism and said reversing the ban was unlikely. Shadow treasurer Tim Wilson argued that small businesses should not learn of such decisions in the newspaper.
- Household businesses with revenue of up to VND 10 billion may pay tax based on revenue
The government has proposed letting individuals and household businesses with revenue of up to VND 10 billion choose to pay tax on revenue at rates of 0.5% to 5% depending on the sector, instead of only those under VND 3 billion as now. According to the Ministry of Finance, only 0.14% of the country's 2.7 million household businesses have revenue above VND 10 billion, so 99.86% would be able to choose the simpler method. Businesses with annual revenue of up to VND 10 billion would also be offered a similar choice. The Committee on Economic and Financial Affairs argued that many tax provisions in the draft SME Development Law overlap with existing laws and proposed moving them to a bill amending 3 tax laws, while delegate Nguyễn Ngọc Sơn asked that the rules apply from the 2027 tax year to avoid retroactivity. Earlier, on August 24, the National Assembly passed a resolution cutting personal income tax and corporate income tax by 30% for those with revenue of up to VND 10 billion, with 96% of delegates in favour.
- Proposal Says 'One-Person Enterprises' Need Not Have a Chairman or Chief Accountant
A draft Law on the Development of Small and Medium Enterprises, presented to the National Assembly on Oct. 17 by Finance Minister Ngô Văn Tuấn, proposes that 'one-person enterprises' (single-member LLCs owned by an individual) not be required to have a company chairman or chief accountant, to cut costs after converting from household businesses. The draft also proposes shortening registration time, exempting some initial fees, and raising the revenue threshold for the simplified tax method to 10 billion VND per year. SME criteria would be based on average annual employee numbers, capped at 300 workers, 400 billion VND in revenue and 150 billion VND in total capital. The Economic and Finance Committee said these criteria fluctuate yearly and are hard to apply, proposing data from the two to three preceding years, and flagged that setting aside 20 hectares per zone or 5% of land area may be hard to implement.
- Proposal to raise revenue threshold for defining small and medium enterprises to VND 400 billion
The Government has proposed raising the annual revenue threshold for defining small and medium enterprises to VND 400 billion, up VND 100 billion from current law, in a draft Law on SME Development presented to the National Assembly by Finance Minister Ngô Văn Tuấn. The draft also sets a criterion of no more than 300 average annual employees, replacing the current 200 social-insurance-enrolled workers, and total capital of no more than VND 150 billion. The group would get a lower corporate income tax rate, a 3-year corporate income tax exemption from the first business registration certificate, and simplified accounting and tax procedures for micro enterprises. The National Assembly's Economic and Financial Committee said the criteria change every year and are hard to apply, and recommended using data from the previous 2-3 years. The National Assembly is expected to adopt the law on November 20.
- Plan to raise the revenue threshold for defining small and medium enterprises to VND 400 billion
The government proposes raising the annual revenue threshold for defining small and medium enterprises to VND 400 billion, up VND 100 billion from current law, and the capital threshold to VND 150 billion. The workforce criterion would be replaced by an average annual workforce of no more than 300 people. The draft Law on Development of Small and Medium Enterprises, submitted to the National Assembly by Finance Minister Ngô Văn Tuấn on October 17, proposes a lower-than-standard corporate income tax rate, a three-year corporate income tax exemption from the first business registration certificate, and simpler tax calculation methods for businesses and individuals with annual revenue up to VND 10 billion. The National Assembly's Economic and Financial Committee agrees a new law is needed to replace the 2017 law, but says the criteria are impractical because they fluctuate yearly and depend on prior-year financial statements, and recommends using data from the two to three preceding years. The National Assembly will debate the draft on October 30 and vote on adoption on November 20.
Related markets
Latest news
- Next week, a bank closes its record date for a 50% dividend, the highest in the sector in 2026
Techcombank (TCB) has set October 30, 2026 as the final registration date for its stock dividend, at a 50% ratio: shareholders holding 100 shares will receive 50 new shares. This is the highest ratio in the banking sector in 2026, above HDBank and LPBank (30%) and VPBank (26%). The bank plans to issue more than 3.543 billion shares, worth over 35,431 billion VND at par value, funded by undistributed profit in its audited 2025 financial statements. Charter capital is expected to rise from 70,862.4 billion VND to about 106,293.6 billion VND, overtaking MB (100,687 billion VND) and VPBank (100,000 billion VND) as the largest in the system. If the planned ESOP issuance is also completed, charter capital could reach nearly 106,600 billion VND.
- Stocks making big moves this week: Braze, Amkor, Oceaneering, Arhaus, and Silgan Holdings
Braze (BRZE) jumped 51.2% on Tuesday after Salesforce agreed to acquire the company for about $5.66 billion in enterprise value. Amkor (AMKR) rose 7.1% on Wednesday after announcing a new $1.3 billion agreement with NVIDIA to expand capacity in South Korea, bringing its multi-year commitments across Arizona and South Korea to $3 billion. Oceaneering (OII) fell 17.5% on Thursday after reporting a 26% year-over-year decline in third-quarter 2026 net income attributable to the company. Arhaus (ARHS) rose 2.6% on Wednesday as investors kept bidding up shares after Piper Sandler analyst Peter Keith upgraded the stock from Neutral to Overweight and raised his price target to $13 from $9. Silgan Holdings (SLGN) gained 5.1% on Monday after agreeing to combine its metal packaging business with Trivium Packaging in a deal that delivers $2.3 billion in cash proceeds.
- International Business : Euro zone private sector growth slows
Euro zone private sector growth slowed in October to its weakest pace in four months, as energy-driven cost increases and a renewed contraction in France weighed on activity. The S&P Global flash Composite PMI Output Index fell to 51.9 from 53.1 in September, its lowest since June and below all forecasts in a Reuters poll that had predicted 52.7. Input costs rose sharply again, linked to higher energy, fuel and transport costs partly due to the Middle East war, and firms raised selling prices at a slower pace than in September. Higher interest rates are also beginning to dampen demand, and a Reuters poll expects the ECB to hold its deposit rate at 2.50% next week before raising it by 25 basis points in December. Business confidence fell to a five-month low, with France standing out for pessimism, as its PMI pointed to contraction and confidence hit its lowest since 2012 outside the pandemic period.
- Gold next evolution
The article argues that tokenization could give gold a larger role in the financial system, with the World Gold Council estimating it could unlock up to $700 billion in latent investment demand. This comes as U.S. real yields have climbed to their highest level in 19 years, raising the opportunity cost of holding gold, which does not generate income. Tokenized gold could let financial institutions use gold more efficiently as collateral, finance transactions, meet margin requirements and access liquidity without selling their holdings. The article notes challenges such as the need for trusted custodians, transparent ownership structures, reliable redemption mechanisms and common standards to avoid a fragmented market. It also stresses that tokenization would not remove gold's sensitivity to real yields or turn it into an income-producing asset.
- International Business : Tech selloff relents as oil prices hit five - month high
The global tech selloff eased after fears over the vast funding needs of AI hit Wall Street and triggered the biggest rally in US Treasuries in more than three years. Brent oil, however, hit a new five-month high of $115 a barrel after Houthi attacks on Saudi Arabia and reports that the US and Israel had drawn up plans for renewed strikes on Iran after the US midterm elections. European natural gas prices climbed another 4% and were almost 30% higher so far this month. The Nasdaq had tumbled 2.6% on Thursday, its biggest slump since June, while the Philadelphia SE Semiconductor Index plunged almost 7%. Japan's Nikkei ended its week down over 4%, while mainland China's CSI300 rose 1.7% after hitting its lowest level since July 2025.
- Wall Street doubts gold near - term strength , Main Street maintains bullish minority as central banks take center stage
Gold fell sharply over the week as rising oil prices, persistent inflation worries and expectations of further Federal Reserve tightening outweighed safe-haven demand. A technology-led equity selloff on Thursday triggered more liquidations and pushed spot gold back below $4,000 per ounce. Gold hit a weekly low of $3,975.10 per ounce, its lowest since early June, after trading at $4,164.69 on Sunday evening. The latest Kitco survey showed Wall Street pessimism rising while Main Street kept a more bullish minority view. Several analysts still see $4,000 as support, though others point to weak technical signals and thin liquidity, with daily volumes around 129,000 contracts.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.