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The government has officially increased the tax-free revenue threshold for individuals and household businesses to 1 billion VND per year, effective January 1, 2026. The change is set out in Decree No. 14.
Under the decree, households and individuals with annual revenue exceeding 1 billion VND must use electronic invoices with a code issued by the tax authority. They must also use electronic invoices initiated from cash registers connected to the tax authority’s data system.
For cases where a household or individual business operates multiple locations, the decree requires using the same tax code for the household or individual business across all stores. The business location code must be clearly indicated on each invoice.
Households and individuals with annual revenue of up to 1 billion VND may, if they meet the relevant conditions and wish to do so, register to use electronic invoices with the tax authority’s code or electronic invoices initiated from a cash register connected to the tax authority’s data.
For new households or individuals starting a business, or for households/individuals whose revenue in the previous year was not over 1 billion VND but whose revenue during the tax year exceeds 1 billion VND, the decree requires applying electronic invoices with the tax authority’s code, or electronic invoices initiated from a cash register connected to the tax authority’s data.
Under Decree No. 14, households, individuals, and enterprises with annual revenue of 1 billion VND or less that have declared and paid taxes in the first quarter may have the taxes paid offset or refunded.
Previously, at the first session of the 16th National Assembly, laws amending personal income tax, value-added tax, corporate income tax, and special consumption tax were passed. These laws tasked the government with defining the tax-free revenue threshold for individuals and households, rather than using a fixed threshold set directly in law.
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