The Ministry of Finance has just issued Decision No. 3389 approving the Project "Converting the model and method of tax management for business households when eliminating lump-sum tax", expected to be applied from January 1, 2026.

At that time, all business households will switch to self-declaration and self-payment of taxes. Legal documents related to tax management of business households will be supplemented, amended or newly issued to ensure synchronous implementation.

The project sets out specific goals, including: Reducing at least 30% of administrative procedure processing time and 30% of legal compliance costs. 100% of business households are informed, guided and supported in the conversion process. 100% of business households are eligible to apply electronic invoices from cash registers (POS). 100% of business households carry out tax procedures electronically in a convenient and easy manner.

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By eliminating lump-sum tax, the tax industry will have a new tax management model for business households.

Along with that, the Law on Tax Administration and guiding documents will be amended to abolish lump-sum tax, and decrees and circulars will be reviewed to ensure consistency and synchronization in implementation.

The personal income tax and value added tax policies for business households will be adjusted in the direction of a non-taxable revenue threshold in line with reality. Apply the method of calculating personal income tax on income (revenue minus expenses) for households with adequate accounting books, encourage cost transparency and investment expansion.

Amend regulations for households with a scale equivalent to small and medium enterprises, ensuring similarity with corporate income tax of enterprises. Add regulations on exemption and reduction of personal income tax to encourage innovation, in line with the spirit of Resolution 68.

In addition, the Ministry of Finance will review the Law on Fees and Charges, the Law on Support for Small and Medium Enterprises, and at the same time study and develop the Law on Individual Business to specify policies on developing business households.

The project also sets out the task of researching and building a new tax management model for business households after abolishing lump-sum tax in the direction of grouping according to revenue scale.

Accordingly, classify by revenue scale to determine appropriate tax calculation/tax management methods, determine revenue thresholds to apply electronic invoices connected to cash registers and clearly define the roles and functions of departments in the tax authority in managing business households (registration, declaration, tax accounting, tax refund, tax exemption, inspection, debt collection enforcement...), avoid vacancy or overlap of tasks when changing management methods.

The new model may consider the option of establishing specialized teams to manage business households declaring at tax offices, separate from the previous business household management department, or converting to a management team model to support individuals and business households in declaring.

The Tax Department proposes a tax management model for business households based on revenue thresholds and tax rates for each tax.

Perfecting modern tax management methods, self-declaration and self-payment by taxpayers; researching separate tax management solutions for groups of households and individuals doing e-commerce business are also tasks set.

At the same time, build an application to automatically calculate taxes from electronic invoice data; build and provide free or low-cost accounting software for business households and micro-enterprises.

The Ministry of Finance will coordinate with the Ministry of Public Security to unify the use of personal identification numbers instead of tax codes; propose that the People's Committees of provinces and cities have programs to support credit and premises for newly established business households.

The project also clearly states that the Ministry of Finance assigns the Tax Department to preside over, organize implementation and report the results to the Ministry, no later than December 31 every year.

The oil giant reflects that the system is slow to accept invoices. What does the Tax Department say? The Tax Department has just clarified the reflection of the Vietnam National Petroleum Group ( Petrolimex ) related to the issuance of electronic invoices.

Source: https://vietnamnet.vn/bo-thue-khoan-ho-kinh-doanh-duoc-quan-ly-theo-cach-moi-2451284.html