Ms. Sang's vegetable and fruit stall, Thu Duc ward, Ho Chi Minh City - Photo: HUU HANH
In recent days, local tax offices in Ho Chi Minh City have been rushing to "hand-hold" thousands, even tens of thousands of business households in the area, rushing to meet the deadline of December 20 as planned by Ho Chi Minh City Tax.
Clear instructions needed soon
The conference notes show that the biggest concern for many businesses is that there is no clear guidance on how to handle inventory without invoices even though the conversion time is near. These goods do not have input invoices, so they cannot issue output invoices, so they are currently only sold retail, not to organizations.
Inventory is a matter of survival for businesses with large revenues, from 3 billion VND or more. How to transfer them into valid inventory to record expenses when calculating taxes under the new tax management model, there is no guidance yet.
Similarly, there are businesses that want to become enterprises, but there are no specific instructions on the documents and procedures needed to transfer inventory from businesses to enterprises.
There is a proposal by HKD to be allowed to make an inventory list on December 31, 2025 as a basis for calculating the cost of inventory carried over to 2026, but there has been no response yet.
In case the goods sold are hand-carried goods, goods given by relatives, given away, and not used, and have revenue but do not have invoices or documents, the business does not know how to record valid expenses. Some businesses even propose that the tax authority consider extending the time limit by 6 months to 1 year to handle the remaining inventory.
In response, the tax authority affirmed that Resolution No. 198 dated May 17, 2025 of the National Assembly has abolished lump-sum tax for business households and individuals. All must calculate tax according to the declaration method. Therefore, business households need to proactively convert immediately.
Regarding the problem of inventory of contracted households without invoices or documents, many tax establishments have taken note and said they will report to the higher tax authorities to find a solution.
According to Tuoi Tre's research, although the "G" hour is near, the official legal document on tax management for HKD has not yet been issued, so many tax establishments are having headaches because there is no official content to guide them.
With the large scale of training organization, many places are also worried that they will have to face many urgent opinions from business households because of practical problems, specifically the problems that business households are concerned about are not being thoroughly resolved because there is no official decree on tax management for business households.
Not to mention the tax management model under project 3389 is inconsistent with the content of the draft decree on tax management for HKD, which also causes difficulties for the tax base.
Because there is no official legal document regulating tax management for business households from 2026, the basic tax authority cannot answer the problems of business households related to tax calculation methods, procedures, documents, and deadlines for tax declaration and payment.
The taxable revenue threshold for business households is expected to be raised to more than 200 million VND/year, but many opinions say it is still unreasonable, causing pressure on people. In the photo: food stalls at Ben Thanh market - Photo: HUU HANH
Beware of the sensitivity of the tax threshold
In particular, policy makers need to pay attention to the sensitivity of the tax-free revenue threshold of VND200 million, which is controversial because it is considered too low. HKD selling more than a dozen bowls of noodles has reached the taxable revenue level, while salaried employees are subject to a new family deduction of VND15.5 million/month from the beginning of 2026 (equivalent to a revenue of VND310 million/month, or VND3.72 billion/year of HKD if the profit-to-revenue ratio is 5%).
If only 50% of this number is calculated, HKD's tax-free revenue must be about 1.5 billion VND/year.
Currently, the number of enterprises in Vietnam has not reached the 1 million mark but there are more than 5.2 million HKD, contributing to creating tens of millions of jobs. This sector is considered the "backbone" in many industries and fields, from industry - agriculture to trade and services.
Therefore, this policy change will have a profound impact, and despite being "guided by the hand", many HKDs will inevitably face difficulties in the initial transition period.
Therefore, along with the sprint to catch up with the "G" hour, the management agency needs to quickly complete the policy to have early and timely instructions to resolve the concerns of business households.
In addition, it is necessary to review the tax-free revenue threshold as proposed by many business households, experts and National Assembly delegates, so that not only business households feel satisfied but also the tax authority can achieve the goal that the tax industry has long pursued, which is "tax collection must win the hearts of the people".
Source: https://tuoitre.vn/ho-kinh-doanh-van-thay-con-nhieu-vuong-mac-ve-cach-tinh-thue-20251129225527586.htm
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