- The government issued Decree No. 68/2026/NĐ-CP detailing tax declaration and payment for value-added tax (VAT) and personal income tax (PIT) for business households and individual businesses.
- The decree covers tax policies, tax management, declaration, payment, finalization, handling of late payments, overpayments, and responsibilities of e-commerce and digital platform operators for tax withholding and declaration.
- Business households and individuals with annual revenue of 500 million VND or less are exempt from VAT and PIT, but must notify tax authorities of actual revenue within specified deadlines.
- Those with annual revenue over 500 million VND must declare and pay taxes; VAT is declared quarterly if revenue is 50 billion VND or less, and monthly if over 50 billion VND.
- The decree also outlines the use of electronic invoices and the responsibilities of related organizations and individuals.
Source: baochinhphu.vn
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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