How to declare and pay taxes for business households with annual revenue over 500 million VND

Legal Consulting Office of Lao Dong Newspaper answers:

Article 10 of Decree 68/2026/ND-CP Regulating tax policies and tax management for business households and individual businesses (effective from March 5, 2026), stipulates tax declaration, payment of value-added tax, personal income tax for business households and individual businesses with annual revenue over 500 million VND as follows:

1. Tax declaration and payment of value-added tax

a) In case there is annual revenue of 50 billion VND or less, tax declaration and payment of value-added tax are carried out quarterly;

b) In case there is annual revenue of over 50 billion VND, tax declaration and payment of value-added tax are carried out monthly.

2. Tax declaration and payment of personal income tax

a) Business households and individual businesses that choose to pay personal income tax according to the tax rate multiplied by (x) taxable revenue method declare and pay personal income tax quarterly at the same time as value-added tax declaration and payment;

b) Household businesses and individual businesses that are subject to personal income tax payment according to the taxable income method multiplied by (x) the tax rate shall declare temporary payment of personal income tax per month and quarter on the same value-added tax declaration dossier. The amount of temporarily paid personal income tax is equal to the tax rate multiplied by (x) the taxable revenue of the month and quarter and declared for personal income tax finalization annually. In case the amount of temporarily paid personal income tax is less than the amount of temporarily declared tax, and 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 interest. In case the amount of temporarily paid personal income tax is more than the amount of tax payable when finalizing, procedures for handling excess tax payable shall be carried out in accordance with the provisions of Article 12 of this Decree.

Thus, from March 5, 2026, business households with annual revenue of over 500 million VND declare and pay taxes according to the above regulations.