Vietnam rolls out new tax law and budget reforms for 2025‑2027

Effective 1 July 2025, Vietnam’s Tax Management Law No. 108/2025/QH15 permits tax authorities to conduct on‑site inspections at taxpayer premises in nine specific situations, including pre‑ and post‑refund audits, risk‑based checks on high‑risk entities, suspected violations, and requests from supervising bodies. Taxpayers retain rights to explain, appeal and claim compensation.

A Prime Minister directive (26/CT‑TTg, 12 June) sets the 2027 state budget framework, targeting a 13‑15 % rise in domestic revenue and a 5‑7 % increase in trade‑related revenue. The plan stresses strict savings, cuts to non‑essential spending, and reallocates resources toward investment, public‑sector wage and pension adjustments, and benefits for veterans and social welfare recipients.

The Ministry of Finance clarified that the settlement of the 2025 budget and the transfer of unspent funds to 2026 are governed by State Budget Law No. 89/2025/QH15 and Decree 73/2026/ND‑CP. These rules allow carry‑over of unspent budget lines such as supplemental allocations, long‑term investment projects, national program expenditures, salary‑related outlays, social security, autonomous revenues, and certain aid funds.