A business household in Lam Dong sent a question to the Ministry of Finance with the following content: "I have generated revenue from property leasing activities that are real estate, contract calculated from October 1, 2025 to September 30, 2027. The rental price is 18 million VND per month, including taxes. The renter pays every 3 months. The leaser is responsible for declaring and paying the taxes incurred for property leasing activities.
I only have one business activity generated, no other business activity. I want to ask, in 2025, the total revenue generated from my asset leasing activity is 18 million VND x 3 months = 54 million VND.
So, am I not eligible to pay value-added tax or personal income tax because I have an annual revenue of less than 100 million VND?".
Answering the question of taxpayers, the Basic Tax Department of 6 provinces of Lam Dong cited the regulations on business households and individuals with revenue in the year from 100 million VND or less belonging to the case of not paying value-added tax and personal income tax in Clause 2, Article 4 of Circular 40/2021 of the Ministry of Finance.
Accordingly, business households and individuals are responsible for declaring taxes accurately, truthfully, fully and submitting tax dossiers according to regulations.
The asset leasing individual directly declares tax to the tax authority according to regulations. In case the leasing party pays the rent of the asset in advance for many years, the revenue level to determine whether the individual has to pay tax or not is the one-time payment revenue allocated according to the calendar year.
Based on the above regulations, the Basic Tax of 6 provinces of Lam Dong said that the case of business households only incurring asset leasing activities and non-permanent leasing time but with revenue in 2025 of 54 million VND, below the threshold of 100 million VND, is not subject to value-added tax and personal income tax in 2025.
However, homeowners are obliged to declare taxes fully according to regulations, because this is a business activity that generates revenue. Tax declaration is based on each payment period or year.
According to the Law on Personal Income Tax (amended) just passed by the National Assembly on December 10, from 2026, the revenue threshold for personal income tax and value-added tax exemption for business households will both be raised to 500 million VND.
Thus, for home and real estate leasers from 2026, if revenue is below the threshold of 500 million VND, they are not required to pay value-added tax and personal income tax, but still must declare taxes fully according to regulations.
It's a bit of a bit of a bit of a bit of a bit of a bit.
