Which business households are not subject to value-added tax?
Reader baolucxxx@gmail asks: Which business households are not subject to value-added tax according to new regulations?
Legal Consulting Office of Lao Dong Newspaper answers:
Article 3 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 value-added tax as follows:
1. Business households and individual businesses with production and business activities with annual revenue of 500 million VND or less are not subject to value-added tax.
2. Business households and individual businesses with production and business activities with annual revenue of over 500 million VND are subject to value-added tax and apply the method of calculating revenue directly by the percentage of% multiplied by (x) revenue. The percentage and taxable revenue are implemented according to the provisions of the Law on Value Added Tax No. 48/2024/QH15 and guiding documents for implementation.
Thus, from March 5, 2026, business households with annual revenue of 500 million VND or less are not subject to value-added tax.
Legal advice
Please call the hotline for legal advice: 0979310518; 0961360559 to receive quick and timely answers or send an email to us: tuvanphapluat@laodong. com. vn for answers.
See the original here
- How to handle tax, late payment fees, and overpaid fines of business households
- Tax Department issues handbook guiding tax obligations for business households
- Where do business households submit tax returns?
- New business households with revenue below 500 million VND must report to the tax authorities no later than July 31
