Registering a business household
Bank account names for business households from March 1, 2026: How to set them in accordance with the law?
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From March 1, 2026, the payment account name of business households must strictly comply with the information on the business license.
Late payment of tax returns fined up to 25 million VND
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New regulations applied from 2026 strengthen sanctions for tax violations. Taxpayers need to pay attention to the fine level and strong coercive measures.
Household businesses face heavy fines for destroying electronic invoices incorrectly
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From 2026, business households that destroy electronic invoices in violation of regulations may be fined up to 20 million VND, when transaction data is cross-referenced by the tax authority.
Heavy fines for business households who do not pay and are late in submitting tax declaration dossiers
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Below are regulations on penalties for business households that do not pay and are late in submitting tax declaration dossiers.
Tightening sanctions, business households may be subject to property coercion from 2026
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From January 1, 2026, business households that do not comply with the sanctioning decision may be subject to coercion of personal property.
7 steps to switch from fixed tax to declaration for business households
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Millions of business households officially switch from fixed tax to declaration. The 7-step roadmap helps tax transparency but needs to clarify legal status.
Business households may be fined up to 10 million VND for late tax registration
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If tax registration is delayed and no notice is issued when temporarily suspended from business, the business household is at risk of being administratively sanctioned.
easy-to-mit tax procedures
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Many business households need to note that violations of procedures, declarations, and invoices can still lead to administrative sanctions according to regulations.
Fine for tax evasion business households, failure to submit tax declaration documents
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The fine for business households that evade taxes and do not submit tax declarations can be 3 times the tax amount.
Revenue of several hundred thousand can still be fined tens of millions of VND for lack of invoices
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Forgetting invoices for a few small-value sample orders has caused businesses to face administrative fines and legal problems when carrying out dissolution procedures.
The Ministry of Finance proposes that business households be taxed on stable revenue for 2 years
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According to the new proposal of the Ministry of Finance, business households can be taxed on stable revenue for 2 years.
Tighten tax and invoice penalties, business households will be heavily fined if they do not comply
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Business households are the group directly affected when the fines for invoices and tax declarations all increase sharply from 2026.
New regulations on determining taxable revenue of business households
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Individuals and business households will be allowed to determine and notify the actual revenue to the tax authority.
Measures for business household revenue not required to pay personal income tax under the new law
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Individuals residing in a production or business household with an annual revenue of VND500 million or less do not have to pay personal income tax.
Conditions for sellers to be exempted from business household registration
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The seller will be exempted from registering a business household if they fall into the following 5 cases.
