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Three months after implementation, the 500 million dong annual tax-exemption threshold for household businesses has been deemed outdated. The Ministry of Finance has proposed not to set a hard threshold for exempt revenue for households, instead leaving it to the government to determine. The 500 million dong threshold has been in effect since January 1, 2026. However, the drafting agency argues for adjustments to align with economic fluctuations, aiming for a more flexible policy and to ensure taxpayers can comply. In response to the Ministry’s new proposal, many household businesses express agreement and hope the threshold can be higher. Ms. Nguyen Thu Trang, a household business operator in Hanoi, said that along with raising the tax base, merchants expect an increase in the revenue threshold not requiring electronic invoicing to be 3–5 billion dong per year. Proposals call for stability: The Hanoi Tax Consultancy (HanoiTax) CEO said that the threshold should be kept stable for at least two years, with periodic adjustments every 2–5 years based on economic conditions, inflation, and consumer price indices. There are also suggestions to design the exemption thresholds by industry rather than applying a uniform rate, arguing that profit margins differ and do not reflect taxable income. Some voices argue that raising the threshold should be paired with revising the obligation to issue invoices, to avoid a competitive imbalance. Experts also suggest aligning tax thresholds with invoicing thresholds and using electronic invoicing systems to manage compliance. Read more...
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
