Business households with revenue below 1 billion VND must have accounting books.
Business households with annual revenue of 1 billion VND or less are not subject to value-added tax and are not subject to personal income tax.
Accordingly, based on Article 4 of Circular 152/2025/TT-BTS, in case business households and individual businesses are not subject to value-added tax and are not subject to personal income tax, they shall use the Sales Book of Goods and Services (form S1a-HKD) to record sales revenue of goods and services.
This book is opened to record revenue from selling goods and services as a basis for declaring and determining whether business households and individual businesses are subject to VAT and pay PIT according to the provisions of tax law. In case business households and individual businesses declare revenue according to the provisions of tax law, business households and individual businesses can use this book to monitor and compare data with tax authorities.
- Bookkeeping method
+ Column A: Record the date and month to record in the book.
+ Column B: Record the explanation of revenue from selling goods and services. Business households and individual businesses can record according to each arising nghiệp vụ or periodically.
+ Column 1: Record the amount of money from selling goods and services.
Thus, business households with revenue of less than 1 billion VND still have to make 2026 accounting books.
Revenue actually generated in the year must be notified to the tax authority
According to the provisions of point a, clause 1, Article 8 of Decree 68/2026/ND-CP (amended and supplemented in Decree 141/2026/ND-CP), there are regulations:
In case business households and individual businesses self-determine that they have annual revenue from production and business activities of goods and services from 1 billion VND or less, business households and individual businesses shall notify the tax authority of actual revenue generated in the year no later than January 31 of the following calendar year.
