The appraisal dossier of the draft Law on Tax Administration (replacement) has just been announced. Notably, the Ministry of Finance proposes to innovate tax administration methods to suit the specific operations of micro-enterprises, households and individual businesses.
With the orientation that from 2026, the tax lump sum method will not be applied to business households and business individuals, the Ministry of Finance proposes to add regulations: business households and business individuals using the direct tax calculation method (percentage of revenue).
Supplementing regulations on the percentage of revenue for calculating value added tax (VAT) for business households with revenue scale equivalent to micro or small enterprises.
Supplementing regulations on the percentage of taxable income or taxable revenue to calculate personal income tax for business individuals with revenue scale equivalent to micro-enterprises or small and medium-sized enterprises in the Law on Personal Income Tax.
Research and supplement regulations on tax authorities to support the creation of pre-filled declarations from the tax authority's system application, and send pre-filled declarations to taxpayers to verify and confirm tax obligations.
The Ministry of Finance also proposed to supplement regulations on accounting and invoice regimes, assigning the Government to specify in detail the following direction: For business households and business individuals with revenue of 1 billion VND/year or more, apply a simple accounting regime like small and medium enterprises according to Circular 88/2021 of this Ministry.
Households must use electronic invoices with tax authority codes (business households selling goods and providing services directly to consumers must use electronic invoices generated from cash registers connected to transfer data to tax authorities from June 1, 2025), or electronic invoices without tax authority codes.
For business households and business individuals with revenue subject to value added tax (from VND 200 million/year to less than VND 1 billion/year), in 2026, one of the following forms of invoices will be applied: Electronic invoices with or without codes from tax authorities (tax authorities support the issuance of individual invoices online or provide free software); Electronic invoices generated from cash registers for households with conditions to implement; Invoices that meet the conditions of electronic invoices; Simple invoices or electronic sales receipts created via applications (apps), Zalo, SMS; Invoices with QR codes according to Government regulations.
At the same time, keep books to record actual revenue in a simple way but with enough information to accurately determine tax obligations to the State (the Government and the Ministry of Finance will provide specific instructions on the books and the Ministry of Finance will amend and supplement Circular 88 to simplify the forms).
From January 1, 2027, business households and individuals with annual revenue of VND 800 million or more, when selling goods and providing services directly to consumers, must apply invoices generated from cash registers connected to tax authorities.
From January 1, 2028, business households and business individuals with a revenue threshold subject to value-added tax of up to VND 800 million, when selling goods or providing services directly to consumers, must use a cash register connected to the tax authority to generate invoices.
According to tax management data of business households by the end of December 2024, the whole country has about 3.6 million business households and individual businesses under tax management, of which the total number of stable business households is 2.2 million.
The average lump-sum tax rate is currently around 672,000-700,000 VND/month/household; while the average tax rate according to the declaration method is around 4.6 million VND/month/household, which is nearly 7 times higher.
Total state budget revenue from business households and individuals in the first 3 months of 2025 is estimated at VND 8,695 billion, an increase of 25.7% over the same period in 2024. Total contribution of business households to the state budget in 2024 is about VND 25,953 billion.
Therefore, according to the Ministry of Finance, it is necessary to eliminate the lump-sum tax form and switch business households to self-declaration and self-payment based on actual revenue, in order to collect correctly and sufficiently, limiting budget losses.
“The mandatory application of electronic invoices and a simple accounting regime will be a strong push, promoting the digital transformation process and creating a premise for business households to become familiar with financial management, gradually developing into enterprises. However, the annual compliance costs of business households will increase significantly, creating initial financial pressure,” the Ministry of Finance assessed.
It is expected that the draft Law on Tax Administration (replacement) will be submitted by the Government to the National Assembly at the 10th session of the 15th National Assembly (October 2025).
Source: https://vietnamnet.vn/ho-kinh-doanh-thu-tu-800-trieu-nam-phai-xuat-hoa-don-tu-may-tinh-tien-2425196.html
Comment (0)