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The Ministry of Finance is seeking public feedback on a draft decree that amends certain provisions of Decree 68/2026/NĐ-CP on tax policies for household businesses and individual businesses. A key proposal is to raise the taxable revenue threshold from 500 million dong to 1 billion dong per year.
Under the draft, Section 2 of Article 12 would be amended to allow offsetting, refunding, or refund-cum-offset of excess tax payments in line with tax administration law for cases where annual actual revenue is up to 1 billion dong.
If the draft is enacted, households and individual businesses with revenue below 1 billion dong that have already paid taxes in Q1 2026 would remain eligible for a tax refund under existing regulations.
Article 5 of Decree 68/2026/NĐ-CP defines household and individual business revenue as the total money from selling goods, processing, and providing services, including subsidies, surcharges, sales bonuses, discounting, and other supports, regardless of whether the money has been collected.
For certain specific sectors, taxable revenue is determined separately, including:
Revenue recognition timing is defined as follows:
The Ministry of Finance said raising the taxable revenue threshold to 1 billion dong is intended to reduce the financial burden on small household businesses and provide a more stable operating environment amid rising input costs.
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…
