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According to Decree 68 and Circular 18 issued by the Ministry of Finance, household businesses will be subject to personal income tax (PIT) and value-added tax (VAT) under the new tax policy. For annual revenue up to 500 million VND, households and individuals conducting business are not required to pay VAT or PIT. This threshold is currently under study for potential adjustment to support household businesses. For annual revenue above 500 million VND, household businesses will pay VAT using the revenue-based method, depending on the line of business; for example, in retail the rate is 1%, and in food and beverage services the rate is 3% of revenue. Regarding PIT, households and individuals have two calculation methods, depending on annual revenue: - For revenue from 500 million to 3 billion VND per year, taxpayers may choose between two methods: (1) revenue multiplied by the tax rate; or (2) taxable income (revenue minus eligible costs) multiplied by 15%. They may select the more favorable option. - For revenue from 3 billion to 50 billion VND per year, households apply the taxable income method with a tax rate of 17% on the taxable income. - For revenue above 50 billion VND per year, the taxable income method uses a 20% tax rate. Ms. Chinh notes that, in addition to paying taxes, household businesses must file tax declarations. Specifically, for the 2026 year, households with annual revenue above 500 million VND must declare their revenue by January 31, 2027. As for VAT, for annual revenue above 500 million up to 50 billion, VAT is declared and paid quarterly. For the first quarter, the deadline is May 4. For annual revenue above 50 billion, VAT is declared monthly. For PIT, households and individuals may choose between the two methods described above. If choosing the revenue-based method, filings and payments are made quarterly, alongside the VAT filing. If choosing the income-based method with a 15% rate, advance PIT payments may be made monthly or quarterly. To help taxpayers file smoothly in the initial period, the tax declaration for January, February, and March this year for households with revenue above 50 billion must be filed no later than April 20.
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…
