Contract tax
Calculating tax on interest, business households may have to pay higher tax than the tax on revenue
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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.
Conditions for business households not to have to settle taxes according to the declaration method
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In case a business individual pays tax according to the declaration method, the tax does not have to be settled according to regulations.
across the board to support the conversion of contract tax to declaration
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The atmosphere of implementing the 60-day peak campaign to eliminate contract tax is taking place at a review level across the country, when tax authorities, businesses and consulting units simultaneously responded and joined hands to support business households in the process of converting the tax management model.
Time when business households are required to issue invoices for goods and services
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Business households are required to issue invoices when selling goods and providing services. The time of issuing invoices is clearly regulated for each transaction, ensuring transparency.
Business households with revenue of 200 million VND, paying 9 million VND in taxes is too much
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According to calculations by business households and tax consultants, the revenue of 200 million VND and tax payment of 4.5%, equivalent to 9 million VND, is too much.
How to calculate tax for business households with revenue of over 3 billion VND/year after eliminating contract tax
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Business households with a revenue of over VND3 billion/year will implement similar tax management measures for micro and medium-sized enterprises.
