The Government has just issued Decree No. 68/2026/ND-CP stipulating tax policies and tax management for business households and individual businesses.
This Decree stipulates tax policies: value-added tax, personal income tax and other types of taxes; tax declaration, tax payment, tax finalization, handling of tax money, late payment money, overpaid fines...
Regarding tax declaration and payment of value-added tax and personal income tax for business households and individual businesses, the Decree stipulates as follows:
For business households and individual businesses that start production and business activities in the first 6 months of the year, if they have actual revenue of 500 million VND or less, they shall notify the actual revenue arising from the start of production and business activities until the end of June 30 with the directly managing tax authority no later than July 31 and notify the actual revenue arising in the last 6 months of the year no later than January 31 of the following calendar year.
In case business households and individual businesses start production and business activities in the last 6 months of the year if their actual revenue is from 500 million VND or less, they shall notify the actual revenue arising no later than January 31 of the following calendar year.
Business households and individual businesses that have just started production and business activities, when having accumulated revenue of over 500 million VND, shall carry out quarterly tax declaration according to the provisions of Article 10 of this Decree from the quarter in which revenue is over 500 million VND.
From the following year, business households and individual businesses, if actual revenue arises from 500 million VND or less, shall notify revenue according to the provisions of Article 8 of this Decree; in case actual revenue arises over 500 million VND, tax declaration shall be carried out according to the provisions of Article 10 of this Decree.
For business households and individual businesses with annual revenue over 500 million VND, the Decree stipulates that tax declaration and payment of value-added tax and personal income tax are carried out as follows:
Regarding tax declaration and payment of value-added tax, in case of annual revenue of 50 billion VND or less, tax declaration and payment of value-added tax are carried out quarterly.
In case there is annual revenue of over 50 billion VND, tax declaration and payment of value-added tax are carried out monthly.
Regarding tax declaration and payment of personal income tax, business households and individual businesses that choose to pay personal income tax according to the tax rate multiplied by (x) taxable revenue method shall declare and pay personal income tax quarterly at the same time as value-added tax declaration and payment.
Business households and individual businesses subject to personal income tax payment according to the income tax calculation method multiplied by (x) tax rate shall temporarily declare and pay personal income tax monthly and quarterly on the same value-added tax declaration dossier.
The amount of personal income tax temporarily paid is equal to the tax rate multiplied by (x) the taxable revenue of the month, quarter and declared for personal income tax finalization annually.
In case the amount of personal income tax temporarily paid is less than the amount of tax declared temporarily paid, the amount of temporarily paid tax is less than the amount of tax payable when finalizing, business households and individual businesses shall make supplementary payments and are not required to calculate late payment fees.
In case the amount of personal income tax temporarily paid is more than the tax payable when finalizing, the procedures for handling excess tax payable shall be carried out in accordance with the provisions of Article 12 of this Decree.
