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Under the amended Personal Income Tax (PIT) law in 2026 and Decree 141/2026/ND-CP, individuals engaged in business (including online selling) with annual revenue of 1 billion dong or less are not subject to PIT. At the same time, this revenue threshold also falls outside the value-added tax (VAT) regime.
Conversely, if annual revenue exceeds 1 billion dong, individuals engaged in business must fulfill tax obligations, including VAT and PIT, calculated using a direct method on revenue with the corresponding percentage rate.
Tax declaration obligations are not only about filing on time; late payment can also lead to legal consequences. Under Decree 125/2020/ND-CP, filing a tax declaration late can be punished with warnings up to 25 million dong, depending on the severity of the violation and the length of the delay.
If tax debt accrues or tax evasion occurs, individuals engaged in business may face enforcement measures. These can include temporary exit suspension under the 2019 Exit, Entry Law.
In response to revenue tax evasion from e-commerce, tax authorities are tightening oversight and bringing online business owners under management. Tax collection, violations processing, and enforcement measures, including exit suspension, will be applied to non-compliant cases.
With digital business continuing to expand, proactively declaring and fully implementing tax obligations can help business owners avoid legal risks and support a more transparent and fair business environment.
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…
