Hanoi City Tax Department guides individuals and households renting real estate on the following contents:
Individuals and households leasing real estate who are individuals and households that generate revenue from leasing include: Renting houses, premises, stores, factories, warehouses,... excluding accommodation services;
Accommodation services not included in property leasing activities include:
+ Providing short-term accommodation facilities for tourists and other passersby;
+ Providing non-apartment long-term accommodation facilities for students, workers and similar subjects;
+ Providing accommodation facilities with food services or entertainment facilities.
How is the revenue threshold determined?
Revenue from real estate leasing activities is the entire amount of money that households and individuals earn from real estate leasing.
In case households and individuals leasing real estate carry out other business activities, taxable revenue includes revenue from real estate leasing activities and revenue from other production and business activities.
In case revenue from production and business activities in the calendar year is below the taxable revenue threshold, it falls under the case of not having to pay tax according to legal regulations.
What types of taxes do individual real estate leasers have to pay?
Individuals leasing real estate with annual revenue that is subject to tax must pay VAT and PIT.
How do households and individuals renting real estate declare taxes?
According to current regulations, individuals leasing real estate directly declare taxes with tax authorities or tax-declaring organizations to pay taxes on behalf of individuals leasing real estate.
Tax declaration documents are submitted to the tax authority directly managing the place where the real estate is leased.
