How to handle tax, late payment fees, and overpaid fines of business households

Legal Consulting Office of Lao Dong Newspaper answers:

Article 12 of Decree 68/2026/ND-CP Regulating tax policies and tax management for business households and individual businesses (effective from March 5, 2026), stipulates the handling of tax arrears, late payment interest, and overpaid fines as follows:

1. In case business households and individual businesses have been regulated by organizations in Clause 1, Article 11 of this Decree or other organizations and individuals deduct and pay taxes instead of value-added tax and personal income tax for transactions incurred in the year but have actual revenue incurred in the year from 500 million VND or less, they shall carry out procedures for compensation, refund, refund cum budget revenue compensation according to the provisions of tax management law for surpaid tax amounts.

2. In case business households and individual businesses have paid value-added tax and personal income tax for business activities but have actual revenue generated in the year from 500 million VND or less, they shall carry out compensation, refund, refund cum budget revenue compensation according to the provisions of tax management law for the surpaid tax amount.

3. In case business households and individual businesses have the amount of tax, late payment interest, and fines already paid or deducted or paid on behalf by organizations and individuals greater than the amount of tax, late payment interest, and fines to be paid, they shall carry out compensation, refund, refund cum budget revenue compensation according to the provisions of tax management law for the surpaid tax amount.

4. Dossier requesting handling of tax arrears, late payment interest, and overpaid fines, authority and responsibility for receiving and resolving procedures are implemented according to the regulations of the Minister of Finance.

5. The place to submit tax refund dossiers is the tax authority where tax declaration dossiers are submitted. In case business households and individual businesses only have business activities on e-commerce platforms and digital platforms that have been deducted and paid taxes on behalf of by the owner of the e-commerce platform or digital platform, or only have other business activities that have been deducted, declared, and paid taxes on behalf of by other organizations, the agency receiving and resolving tax refund dossiers is the tax authority managing the place where the business household or individual business resident resides.

Thus, from March 5, 2026, the handling of tax, late payment fees, and overpaid fines of business households according to the above regulations.