FOREWORD
Business households and individuals always play an essential role, creating a driving force for the dynamic and diverse development of the economy. Along with the operation process, mastering and complying with the regulations on tax obligations not only helps people prevent legal risks but also ensures their legitimate interests.
From January 1, 2026, the tax policy for business households in Vietnam will enter a landmark transition period. The familiar flat tax mechanism for many years has been officially abolished, replaced by a self-declaration – self-payment mechanism based on the actual revenue generated. Along with that, the taxable revenue threshold has been raised from VND 500 million to VND 1 billion per year according to Decree 141/2026/ND-CP, opening up many advantages but also setting new requirements for transparency and discipline in financial management.
This change directly impacts more than five million business households across the country. If in the past tax obligations were mostly "fixed", now each business household must actively record books, store invoices and documents and take responsibility for the data they declare. Notably, even households that are exempt from tax do not mean that they are exempt from the obligation to declare - a point that many people still misunderstand.
The transformation of tax policies and the regulatory system related to tax declaration and payment methods, or the use of e-invoices still often bring many concerns to taxpayers in reality. In the context of continuous issuance and adjustment of guiding documents, correct understanding and doing the right thing from the beginning has become a vital factor for business households to avoid errors, limit legal risks and develop with peace of mind.
In order to help customers and business households quickly update, correctly understand and accurately apply the latest legal regulations, HM&P is pleased to launch the publication "Q&A ON TAX OBLIGATIONS APPLICABLE TO BUSINESS HOUSEHOLDS AND INDIVIDUAL BUSINESS OPERATORS". Through an intuitive, concise Q&A format that follows practical situations, the publication will solve from the most basic problems to the most complex problems encountered in the process of enforcing tax obligations.
We hope that this publication will become an effective companion handbook, helping you to be confident and proactive in managing the finance and tax of a single business model but not simple in Vietnam.
Best regards!