At a press conference on new regulations in tax policy and tax management for business households (HKD), individual businesses organized by the Tax Department on March 9, representatives of this agency said that Decree No. 68/2026/ND-CP and Circular No. 18/2026/TT-BTC have clearly stipulated tax declaration obligations for new business households.
In case business households and individual businesses start operating in the first 6 months of the year and have actual revenue of 500 million VND or less, they shall notify the actual revenue incurred and declare other types of taxes from the start of business until the end of June 30 with the directly managing tax authority no later than July 31. At the same time, business households and individual businesses continue to notify the actual revenue incurred in the last 6 months of the year no later than January 31 of the following calendar year according to form No. 01/TKN-CNKD.
In case business households and individual businesses start operating in the last 6 months of the year and have actual revenue of 500 million VND or less, they shall notify the actual revenue arising and declare other types of taxes no later than January 31 of the following calendar year according to form No. 01/TKN-CNKD.
For business households, individual businesses that have just started production and business activities when having accumulated revenue of over 500 million VND shall declare tax quarterly from the quarter in which revenue exceeds 500 million VND according to form No. 01/CNKD.
Regulations on tax declaration for individuals leasing real estate
For individuals leasing real estate, in case of revenue of over 500 million VND/year, they must declare and pay taxes according to regulations.
According to regulations, individuals leasing real estate, except for accommodation business activities, pay personal income tax determined by the revenue exceeding 500 million VND multiplied by a tax rate of 5% according to the provisions of the Law on Personal Income Tax.
Individuals with real estate leasing activities shall declare value-added tax and personal income tax, send tax declaration dossiers to the tax authority where the real estate is leased according to form No. 01/BĐS and appendix to the detailed list of real estate according to form No. 01/BK-BĐS.
In case an individual directly declares tax for real estate leasing activities, the taxpayer is allowed to choose to declare tax twice in the tax year, no later than July 31 of the tax year and January 31 of the following calendar year, or choose to declare tax once according to the tax year, no later than January 31 of the following calendar year.
Individuals with multiple leased real estate implement general general tax declarations for real estate on one tax declaration dossier and select a tax authority where the leased real estate is located to submit the dossier.
According to new regulations, individuals are allowed to deduct 500 million VND before calculating personal income tax for one or more real estate lease contracts chosen by individuals, but the total amount deducted is no more than 500 million VND in one year for all contracts.
In case the selected real estate lease contract has not been fully deducted of 500 million VND, the individual can continue to choose other lease contracts to be deducted further until the level of 500 million VND is reached.
For cases where individuals have many real estate for lease in different locations and there are regulations that the lessee declares and pays taxes instead, when choosing a contract to apply the deductible amount when calculating personal income tax, the parties must clearly stipulate in the contract the content of declaring and paying taxes instead and the amount deducted when calculating tax. If the contract stipulates declaring and paying taxes instead but has not fully deducted 500 million VND, the individual can continue to choose other contracts to continue to be deducted until the prescribed level is sufficient.
