>Verify that all commercial lease agreements are notarized and registered with the local People’s Committee — unregistered leases disallow rent deduction for CIT purposes.
>Include high-value rental expenses in the Local File for 2025 CIT filing, with benchmarking analysis compliant with Circular 20/2017/TT-BTC.
>Submit SBV Form 01/NHNN for foreign currency payments exceeding VND 5 billion/month (≈USD 145,000) to the State Bank of Vietnam.
English Summary
This article reports on a high-rent retail street in the Asia-Pacific region (unspecified location in Vietnam) with annual rents of €13,907/sqm per Cushman & Wakefield — but it is a market analysis piece published by VnExpress International, not an official tax regulation or guidance from Vietnam’s General Department of Taxation (GDT), Ministry of Finance (MOF), or Ministry of Industry and Trade (MOIT). No new tax rates, filing deadlines, licensing requirements, or legal obligations are introduced. Foreign retailers operating in Vietnam must continue complying with existing laws: Corporate Income Tax (CIT) Law (No. 32/2013/QH13, as amended), VAT Law (No. 13/2008/QH12), and Civil Code 2015 (Articles 472–483 on lease contracts). Key implication: Rental expenses in premium locations (e.g., Dong Khoi St, HCMC; Ba Trieu St, Hanoi) must be documented for transfer pricing purposes and comply with mandatory notarization and registration requirements under Decree 43/2014/ND-CP.