The Ministry of Finance is seeking opinions on the draft Law on Tax Administration (amended). According to Article 13 of the Draft Law, which stipulates tax declaration, tax calculation, and tax deduction for business households and individuals as follows:
- Business households and individuals shall declare taxes according to each type of tax monthly, quarterly, annually, for each time tax obligations arise and when tax settlement is made. Tax authorities base on management databases to support business households and individuals in tax declaration and calculation.
- Business households and individuals doing business based on annual revenue from production and trading of goods and services self-determined as non-taxable and taxable to declare and calculate value added tax and personal income.
+ In case of self-determination of annual revenue not subject to tax according to the provisions of the law on tax, business households and individuals must declare actual revenue arising from tax with the tax authority according to the Government's regulations;
+ In case of determining the annual revenue level of taxable subjects, business households and individuals based on the actual revenue arising will determine the method of calculating taxes, value added tax and personal income tax payable according to the provisions of the law on value added tax and personal income tax.
- For other taxes and other revenues payable to the state budget, business households and individuals determine the tax payable according to the provisions of the law on taxes and relevant laws.
- For households and individuals doing business on e-commerce platforms:
+ In case of doing business on e-commerce platforms with payment functions, the e-commerce platform management organization (domestic or foreign) is responsible for deducting, declaring and paying the tax payable by business households and individuals.
+ In case there are business activities on e-commerce platforms without payment functions, business households and individuals directly declare taxes, calculate taxes and pay taxes according to regulations.
- The Government shall specify in detail this Article, including methods for calculating value added tax, personal income tax; dossiers and procedures for declaring revenue, tax declaration and tax payment. The Ministry of Finance stipulates the accounting regime applicable to business households and individual businesses.
