Know how

Cambodia: Clarification on the Tax Treatment of Share Premium

The General Department of Taxation (“GDT“) has issued new guidance under Instruction No. 18574 GDT dated 17 June 2025 regarding the tax implications of share premium following concerns raised by taxpayers and Chambers regarding inconsistent interpretations during tax audits.

Cambodia: New Guidelines to Streamline Construction Setbacks and Permits

To ensure the streamlined implementation of the existing relevant regulations, on 30 June 2025, the Ministry of Land Management, Urban Planning and Construction issued Circular No. 002 on Building Setbacks and Construction Permits under the Jurisdiction of Board Governors of the Municipal, Provincial, City, District and Khan.

Vietnam’s 2025 Offshore Wind Tariff Ceiling

On 26 June 2025, the Ministry of Industry and Trade (MOIT) issued Decision No. 1824/QD-BCT on the electricity price framework for offshore wind power projects in 2025 (Decision 1824), which took immediate effect.

Vietnam: Decree 174 extending 2% VAT reduction to 2026

To continue stimulating economic activity, Vietnam Government has issued Decree 174/2025/ND-CP, extending the 2% VAT reduction effective from 01 July 2025 through 31 December 2026. Decree 174 expands the range of goods and services eligible for the reduction, aiming to further boost consumer demand.

Cambodia: Update On Cambodia’s Real Estate Business Online Registration Procedure

As part of Cambodia’s ongoing efforts per its Digital Government Policy, the Real Estate Business & Pawnshop Regulator (“PRP”) has issued a new notification dated 12 June 2025, titled “Procedures for Requesting the Renewal of Licenses, Professional Certificates, and Other Changes for Real Estate Services Business via Information Technology System Portal (“RPR Notification”), to expand the scope of its online services.

Cambodia: The Expansion of Development Project Classification for Environmental Impact Assessment in Cambodia

To enhance the effective implementation of environmental impact assessment procedure for development projects in Cambodia, the Ministry of Environment issued Prakas No. 3591 on Development Project Classification for Environmental Impact Assessment in Cambodia, dated 9 May 2025.

Cambodia: New Developments in Labour Registration, Labour Contractor Management, and Overtime Regulations

The Ministry of Labour and Vocational Training (“MLVT”) has recently introduced a series of regulatory updates aimed at enhancing clarity, consistency, and compliance in labour registration and reporting practices. These updates are particularly focused on aligning procedures with the MLVT’s digital platforms, including the Labour Centralized Management System (“LACMS”).

Vietnam: Decree 181 and Circular 69 guiding on the implementation of Law on Value Added Tax

On 01 July 2025, the Government issued Decree 181/2025/ND-CP, and the Ministry of Finance released Circular 69/2025/TT-BTC, both of which introduce crucial updates to the Law on Value Added Tax. These new guidelines, effective immediately, clarify and supplement various provisions under the Law on VAT, including the application of the 0% VAT rate, non-cash payment requirements, and conditions for VAT credit and refunds.

Vietnam passes law on digital technology industry

On June 14th, 2025, at its 9th Session, 15th Legislature, the Vietnamese National Assembly passed the Law on Digital Technology Industry. This marks Vietnam’s first specialized law enacted to promote the development of digital technology industries, including semiconductors, artificial intelligence (AI), and digital assets.

Vietnam: Announcement of electronic identification for foreigners at the immigration office of HCMC

Vietnam: Regulations on the use of electronic visas to enter Vietnam for work

Foreigners granted an e-visa may enter Vietnam for legally permitted purposes, with a maximum visa validity of 90 days. This article analyzes the legal regulations and practical cases related to foreigners using an e-visa to enter Vietnam for working purposes.

Vietnam: Regulations on tax administration for households and individuals doing business on e-commerce platforms

The Government of Vietnam issued Decree No. 117/2025/ND-CP on June 9, 2025, stipulating tax administration for business activities of households and individuals on e-commerce platforms and digital platforms. Decree 117 will take effect from July 1, 2025, and includes the key points described in this article.

Vietnam: Major Corporate Governance Upgrade Under Vietnam's Revised Enterprise Law

The 2025 Amended Enterprise Law officially takes effect on 1 July 2025, marking a major turning point with core reform pillars: strengthening AML compliance through beneficial ownership disclosure; facilitating the digital transformation in enterprise registration; clarifying certain share capital regimes in joint stock company; and refining the legal framework for bond issuance. These reforms not only bolster transparency and governance efficiency but also empower Vietnamese enterprises to operate with greater agility in the digital era.

Vietnam: Tax Alert on Advance Pricing Agreements (APA)

On 11 June 2025, the Government issued Decree No. 122/2025/ND-CP on the delegation and decentralisation of authority in the field of tax administration. The Decree introduces notable revisions related to the handling and approval of bilateral and multilateral Advance Pricing Agreements (APAs), and will take effect from 1 July.

Cambodia: Update on Cambodia’s Real Estate Business Online Registration Procedure

The Cambodian Real Estate Business & Pawnshop Regulator has issued a new notification dated 12 June 2025 to expand the scope of its online services.

Vietnam: Amended Corporate Income Tax Law

The National Assembly of Vietnam recently passed the amended Law on Corporate Income Tax on 14 June 2025, which is set to take effect on 1 October 2025. The law introduces a significant change in the taxation of capital gains. Accordingly, foreign corporate investors deriving income from capital transfers in Vietnam—whether directly or indirectly—will be subject to a deemed CIT rate applied to gross sales proceeds.

Vietnam: New resolution on International Finance Centre (IFC) in Vietnam promulgated on 27 June 2025 by the National Assembly

At the closing meeting of the National Assembly's 9th session on 27 June 2025, the Resolution on the International Financial Centre (IFC) in Vietnam was passed. This new Resolution aims to attract a strong inflow of foreign capital and major financial institutions by providing a competitive legal framework.

Vietnam Passes Personal Data Protection Law

Vietnam has just taken a major leap in data privacy regulation. On 26 June 2025, the National Assembly officially passed the Personal Data Protection Law, creating a much more comprehensive and stringent framework than Decree 13. This new Law will have wide-reaching impacts on how organizations manage personal data in Vietnam.

Vietnam: Tax inspection on ESOPs

The Tax Department has recently launched an ad-hoc tax inspection campaign targeting companies that have issued shares under Employee Stock Ownership Plans (ESOPs). The campaign aims to strengthen oversight and enhance transparency in ESOP-related activities.

Vietnam: Draft Decree on Cosmetic Product Management Released for Public Consultation