On December 10, the Law on Tax Administration (amended) was passed by the National Assembly with many new regulations directly related to business households and individual businesses.
Accordingly, the tax code of individuals and business households will use the identification number of individuals/business owners. This new regulation helps synchronize population and tax data.
Tax registration will follow a one-stop mechanism. Business households register for tax at the same time as registering business households at the business registration agency, without having to carry out separate tax procedures.
In particular, for business households that self-declare, self-calculate and self-pay taxes, the tax authority will support with data from the tax management system.
Thus, with this new regulation, business households must notify the actual collection rate to the management agency in case the revenue is below the payable threshold - 500 million VND/year.
If a business household uses a bills generated from a cash register with data connection to the tax authority, the management system will automatically prepare a declaration, calculate VAT, and personal income. For other taxes and fees, business households need to determine the amount to be paid.
This is a huge change because many business households previously paid taxes under the contract method.
For cases of selling on online platforms, owners of these platforms are responsible for deducting, declaring and paying taxes on behalf of business households and individuals. If the e-commerce platform does not have the function of paying and ordering online (such as Zalo, TikTok, Facebook...), the business individual must self-declare, calculate and pay taxes.
The new Law on Tax Administration effective from July 1, 2026 (except for electronic invoices for business households effective from January 1, 2026) marks the biggest change in tax administration for business households in many years. With a strong shift to the self-declaration - self-submitting - self-submitting model, tightening business management on digital platforms and standardizing data using tax codes associated with personal identification, the new law will directly affect millions of business households across the country.
Minister of Finance Nguyen Van Thang said that in the first 9 months of 2025, stable business households and individuals will be 3.83 million households. The number of stable business households with revenue of VND 200 million or less is about 1.7 million households, with the tax payable being VND 2,430 billion.
The number of households with a revenue of over 200 million VND is about more than 903 thousand households. Of which, the number of stable business households with revenue from over 200 million VND to 1 billion VND is about 806 thousand households, with tax payable of 6,353 billion VND; the number of stable business households with revenue from over 200 million VND to 3 billion VND is about 883 thousand households, with tax payable of 7,643 billion VND.
The number of stable business households with revenue from VND3 billion to under VND10 billion is about 18.9 thousand households, with tax payable being VND1,315 billion; the number of stable business households with revenue from over VND3 billion to VND50 billion is about 20 thousand households, with tax payable being VND896 billion; the number of stable business households with revenue from over VND50 billion is about 107 households, with tax payable being VND53 billion.
