According to the decree, household businesses and individual businesses with annual revenue of 500 million VND or less are exempt from value-added tax and personal income tax. However, these cases are still required to notify the tax authorities of their actual generated revenue as stipulated.
Intensify the dissemination of information and guidelines.
On March 5, 2026, the Government issued Decree No. 68/2026/ND-CP regulating tax policies and tax management for business households and individual businesses. The Decree takes effect immediately from the date of signing.
Immediately afterwards, the Director of the Tax Department sent a telegram to the tax leaders of provinces and cities and units within the industry, requesting them to urgently implement the directive.
First, local tax authorities must disseminate the content of the decree to tax officials. At the same time, they must intensify public awareness campaigns to ensure taxpayers understand the new regulations. This will ensure the decree is implemented uniformly throughout the entire tax sector.
One of the notable provisions is the regulation regarding revenue reporting for household businesses and individual business owners with low revenue levels.
According to regulations, business households or individual businesses that start operating in the first six months of the year and have actual revenue of 500 million VND or less must notify the tax authority directly managing their revenue.
The deadline for reporting revenue generated from the start of business until June 30th is no later than July 31st of the same year.
In addition, revenue generated during the last six months of the year must be reported no later than January 31st of the following calendar year.
For businesses that start operating in the last six months of the year and have actual revenue not exceeding 500 million VND, taxpayers must report the generated revenue no later than January 31st of the following year.
In cases where cumulative revenue exceeds 500 million VND, household businesses and individual business owners must file tax returns quarterly starting from the quarter in which the revenue exceeds the threshold.
Business owners please note: Even with revenue under 500 million VND, you must still file a tax return.
According to the decree, household businesses and individual businesses with annual revenue of 500 million VND or less are exempt from value-added tax and personal income tax.
However, these cases are still required to notify the tax authorities of the actual revenue generated as stipulated. Decree 68/2026/ND-CP takes effect from March 5, 2026.
The decree also specifies regulations for individuals who directly declare taxes from real estate rental activities.
Accordingly, individuals can choose to file tax returns twice a year or once a year. If they choose to file twice a year, the deadline for the first tax return is July 31st of the tax year. The deadline for the second return is January 31st of the following calendar year.
Conversely, if you file your tax return annually, the deadline for filing is January 31st of the calendar year following the tax year.
For those filing taxes monthly, tax returns for January, February, and March 2026 must be submitted to the tax authorities no later than April 20, 2026.
In addition, the decree also clearly stipulates the principles for handling business households that previously paid taxes using the lump-sum method.
According to regulations, for business households and individual business owners who paid taxes using the lump-sum method from 2025 onwards and switch to tax declaration from January 1, 2026, the tax authorities will not use the 2026 revenue to reassess the tax obligations of previous years.
However, this provision does not apply if the tax authorities or competent agencies discover the concealment of revenue resulting in a shortfall in tax payable.
Another noteworthy point is the regulation regarding the valuation of inventory, machinery, and equipment of household businesses when switching to the declaration method.
Accordingly, business households or individual business owners with revenue of 3 billion VND or more in 2025 or from 2026 onwards who choose to pay personal income tax using the method of taxable income multiplied by the tax rate must determine the value of inventory, machinery and equipment as of December 31, 2025.
This information is compiled into a list using a form prescribed by the Minister of Finance . The list is then kept by the business household or individual business owner, and a copy is sent electronically to the directly managing tax authority.
For quarterly tax filings, the statement must be submitted along with the first quarter 2026 tax return. Meanwhile, for monthly tax filings, the deadline for submitting the statement is April 20, 2026. Decree 68/2026/ND-CP provides detailed regulations on tax policies and tax management for business households and individual businesses. The decree includes regulations on value-added tax, personal income tax, and other related taxes.
At the same time, the decree also clarifies regulations on tax declaration, tax payment, tax settlement, handling of overpaid taxes, late payment penalties, and fines.
One point worth noting is the responsibility of e-commerce platforms.
According to regulations, online ordering and payment platforms must deduct, declare, and pay the withheld tax on behalf of each transaction involving the sale of goods or provision of services by household businesses and individual business owners on the platform.
Meanwhile, for platforms without online ordering or payment functions, household businesses and individual entrepreneurs must declare and pay taxes themselves according to regulations.
Mr. Minh
Source: https://baochinhphu.vn/huong-dan-moi-ve-khai-nop-thue-ho-kinh-doanh-102260306124840648.htm
![[Photo] Delegation attending the 14th Congress of the Vietnam Trade Union visits the Mausoleum of President Ho Chi Minh.](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2026/06/03/1780451842301_ndo_br_img-3824-jpg.webp)
Comment (0)