Ministry of Finance answers voters about tax rates for business households

Xuyên Đông |

The Ministry of Finance has just answered voters that the current tax rate for business households is high compared to actual income.

Voters in Da Nang city reflect that tax policies and tax declaration and payment procedures are still facing many difficulties and inadequacies for small businesses.

According to voters, the tax rate in some cases is still high compared to actual revenue. Many business households have to narrow down or stop operating.

Voters proposed that the Ministry of Finance review and adjust tax policies to be more suitable to the actual operation of business households.

Continue to promote reform and simplify tax administrative procedures; and at the same time arrange a department to receive and support the fulfillment of tax obligations at the location of the Commune and Ward People's Committees to create favorable conditions for people in the process of transactions and fulfilling tax obligations.

Answering voters' petitions, the Ministry of Finance said that the current law on personal income tax (PIT) and value-added tax (VAT) has many preferential policies to support and create conditions to promote business households, individual businesses and small businesses to develop production and business.

Personal Income Tax Law No. 109/2025/QH15, Law No. 09/2026/QH16 amending 4 tax laws and Decree No. 141/2026/ND-CP dated April 29, 2026 of the Government have increased the annual revenue not subject to personal income tax of business individuals to 1 billion VND and supplemented the tax calculation method on income (revenue - expenses) for business individuals:

Individuals doing business with annual revenue of over 1 billion VND to 3 billion VND: To choose 1 of 2 tax calculation methods:

The tax calculation method is based on a tax rate of 15% multiplied (x) by income (revenue - expenses).

The tax calculation method is based on the ratio to revenue (with ratios of 0.5%, 1%, 1.5%, 2%, 5% depending on the industry). In case of choosing this method, taxable revenue is determined by the annual revenue exceeding 01 billion VND.

Individuals doing business with annual revenue over 3 billion VND to 50 billion VND: Applying a tax rate of 17% on income.

Individuals doing business with annual revenue over 50 billion VND: Applying a tax rate of 20% on income.

The Ministry of Finance said that the tax rates of 15%, 17% and 20% for households and individual businesses mentioned above are consistent with the tax rate currently applied to businesses with corresponding revenue as prescribed in the Law on Corporate Income Tax.

Regarding VAT, according to Law No. 149/2025/QH15 amending and supplementing a number of articles of the VAT Law (effective from January 1, 2026), Law No. 09/2026/QH16 and Decree No. 141/2026/ND-CP, goods and services of households and individuals producing and doing business with annual revenue of 1 billion VND or less are not subject to VAT.

The Ministry of Finance said that the policies have clearly stratified between small-scale households and individuals doing business with larger scale to ensure the principle of ease of implementation, ease of compliance, low compliance costs, reduced tax declaration frequency and simplified forms and declarations.

The tax authority has also supported electronic tax services through the National Public Service Portal, Tax Administration Information System and eTax Mobile application with separate functions for households and individual businesses.

Regarding the proposal to continue promoting reform and simplifying tax administrative procedures, the Ministry of Finance said it is continuing to simplify dossiers, expand electronic tax services, strengthen connectivity and data sharing between state agencies; review and abolish the requirement to provide information that is already in the database; apply risk management to shorten processing time.

As a result, the number of administrative procedures (TTHC) related to taxes has decreased from 235 TTHC (compared to 2024) to 137 TTHC. The cost of complying with TTHC decreased by about 4.4 trillion VND, equivalent to about 51% compared to 2024.

The time to resolve administrative procedures is reduced by about 481 days, equivalent to about 27%. Currently, 100% of tax administrative procedures have been implemented on the electronic environment and strengthened connection with national and specialized databases, especially the National Population Database.

From July 1, 2026, the synchronous system of legal documents on taxes taking effect will continue to cut, simplify the composition of dossiers, strengthen the application of information technology, expand online public services and shorten processing time.

Regarding the proposal to arrange a reception and support department to fulfill tax obligations at the location of the Commune and Ward People's Committees, the Ministry of Finance said that it has directed vertical sector units to arrange civil servants to the Provincial, Ward and Commune-level Public Administrative Service Centers to receive and return results.

However, in reality, 100% of administrative procedures in the tax sector have provided full online public services and are integrated on the National Public Service Portal; taxpayers mainly perform on the electronic environment. There are 14 provincial and city tax authorities that do not generate dossiers received at the Public Administrative Service Center.

Meanwhile, the arrangement of tax officials to work permanently at provincial and commune-level Public Administrative Service Centers requires a minimum of 3,321 officials, greatly affecting the human resources of the tax sector in the context of a streamlined apparatus.

To ensure that work is not interrupted, the tax authority has authorized officials and employees of the Public Administration Service Center to receive administrative procedure dossiers related to taxes.

Xuyên Đông
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