Abolish contract tax
Regulations on submitting tax declarations for business households with revenue under 100 million VND
|
Business households with a revenue of less than 100 million VND do not have to pay personal income tax and value added tax.
"The tax-exempt revenue of VND500 million/year for business households is reasonable, but not enough"
|
Director of Keytas Tax Accounting Company Limited commented: The tax exemption tax rate of VND500 million/year for business households is reasonable, but not enough.
Many businesses on Hanoi's fashion street are struggling to calculate site clearance before Tet
|
Many business households are struggling with many expenses, revenue has decreased sharply, forcing them to consider returning the premises.
The Ministry of Finance proposes to increase the threshold of tax-exempt revenue for business households to VND500 million/year
|
The Ministry of Finance has just submitted to the Prime Minister a plan to increase the threshold of non-taxable revenue of business households from 200 million to 500 million VND/year.
Calculating business household tax based on revenue exceeding threshold, not calculated on total revenue
|
The Chairman of the Vietnam Tax Consulting Association proposed the hypothetical tax exemption threshold at VND300 million/year, business households with revenue of 301 million only calculate tax at over VND1 million.
Calculating tax on interest, business households may have to pay higher tax than the tax on revenue
|
The plan to calculate business household tax based on income is considered a positive approach, but the implementation process will not be simple.
Abolish contract tax, mandatory requirements for business households to switch to the declaration method
|
Here are the things businesses must do when eliminating contract tax and switching to the declaration method.
Business households under VND200 million/year are exempt from tax but need to pay attention to mandatory regulations
|
Business households with a revenue of less than VND 200 million/year are required to declare revenue twice/year to determine tax obligations.
Abolish contract tax, business households pay taxes according to the declaration method without having to settle taxes
|
After officially abolishing contract tax from January 1, 2026, business households pay taxes according to the declaration method without having to settle taxes.
Regulations on submitting tax declarations for business households with revenue under VND 200 million
|
Business households with a revenue of less than VND 200 million need to comply with complete, accurate and honest tax declarations.
The Ministry of Finance amends the tax calculation method, business households can be taxed according to profits
|
The Ministry of Finance proposes to apply profit-on-unds to business households to overcome the shortcomings of the current method of tax collection according to revenue.
costs are escalating, small businesses can only survive, making it difficult to make a profit
|
Business households are carrying many costs, if the revenue is at 200-300 million VND/year, they even have to compensate for losses.
Expected to reduce tax rates in tax declarations, change methods of calculating business household tax
|
The Ministry of Finance plans to continue adjusting the progressive tax table in the direction of reducing tax rates at tax levels, while changing the method of calculating business household tax.
Regulations on tax calculation methods for business households after eliminating contract tax
|
Below are the regulations on tax calculation methods for business households paying taxes according to the declaration method.
Small business household struggles to make ends meet, selling a bowl of noodles for only 2,000 VND
|
Many business households in An Phong ward (Hai Phong) said that their revenue exceeded 200 million VND/year but the real interest was very thin.
