According to the guidance of the Tax Department (Ministry of Finance), based on Clause 4, Article 13 of Decree 68/2026/ND-CP stipulating: Household businesses and individual businesses shall notify the tax authority of all account numbers and e-wallet numbers related to production and business, there is no regulation requiring household businesses to establish household business accounts.
However, the Tax Department also guides business households to use a separate account to serve production and business activities. This account aims to manage cash flow transparently, accurately, easily compare and explain the origin of cash flow to functional agencies when requested. From there, ensure the rights and tax obligations of business households and individual businesses.
It is recommended to use a separate account to manage cash flow
Although it is not mandatory to open accounts in the name of business households, the tax authority recommends that business households should use a separate account to serve production and business activities.
The use of private accounts helps manage cash flow transparently, facilitates transaction control and explains the origin of cash flow when requested by functional agencies, thereby ensuring the full implementation of tax rights and obligations in accordance with legal regulations.
In addition, according to the provisions of Decree 68/2026/ND-CP, business households are responsible for notifying the tax authority of all bank accounts and e-wallets used in business operations by electronic means.
In case of changing account information, business households must also make supplementary notices according to the provisions of tax management law.
