How do business households temporarily suspend or terminate operations?

Legal Consulting Office of Lao Dong Newspaper answers:

Clause 6, Article 8 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 temporary suspension and termination of business activities as follows:

a) Business households that are subject to business registration according to the provisions of law on business registration shall carry out procedures for temporary suspension of business operations according to the provisions of Decree No. 168/2025/ND-CP dated June 30, 2025 of the Government on business registration;

b) In case it is not necessary to register for business according to the provisions of the law on business registration but has registered for tax with the tax authority, the taxpayer sends a notice to the directly managing tax management agency to update the "temporary suspension of business" status according to the regulations of the Ministry of Finance;

c) During the temporary suspension of operations, business households and individual businesses are not required to submit tax declaration dossiers, except for temporary suspension not for a full month if tax declaration is monthly or temporary suspension not for a full quarter if tax declaration is quarterly;

d) In case business households and individual businesses terminate business operations during the year, business households and individual businesses shall notify actual accumulated revenue from the beginning of the year to the time of termination of operations along with the dossier of termination of operations.

Thus, from March 5, 2026, business households will temporarily suspend or terminate business operations according to the above regulations.