From 2026, many business households and individual businesses will have to fulfill additional declaration obligations related to inventory, machinery, and equipment serving production and business.
According to new regulations, for business households and individuals doing business in 2025, if they pay tax according to the khoán method or the declaration method, if they have revenue from 3 billion VND or more, they must determine and record the value of inventory, machinery, and equipment being used for production and business activities as of December 31, 2025.
This determination is to serve as a basis for calculating deductible expenses when determining personal income taxable income for the 2026 tax period.
In addition, from 2026, business households and individual businesses, if they choose to pay personal income tax according to the method of determining taxable income multiplied by tax rate, must also declare and record assets and inventory serving business activities at the end of 2025.
On that basis, business households and individual businesses must prepare inventory statements, machinery, and equipment according to the forms prescribed by the Minister of Finance.
This list must be kept at business households and individual businesses to serve inspection work when necessary.
At the same time, business households and individual businesses must send 1 copy to the tax authority for direct management electronically.
The deadline for submitting the list is specified according to the tax declaration method of each business household.
For quarterly tax declarations, the statement must be sent along with the tax declaration dossier for the first quarter of 2026.
Meanwhile, for household businesses declaring taxes monthly, the deadline for sending is April 20, 2026.
The declaration of inventory, machinery, and equipment is considered a preparatory step to accurately determine reasonable costs when calculating personal income tax for business households in the new tax calculation method application phase.
This regulation also aims to increase transparency in determining taxable income of business households, and at the same time create a basis for tax authorities to manage production and business activities more closely.
