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On March 12, the Government Portal and the Tax Department under the Ministry of Finance held a seminar titled “Solutions to help household businesses declare taxes correctly and comply with regulations, ensuring sustainable development.” The program was coordinated by Sapo Technology Joint Stock Company, with expert participation from the Vietnam Tax Advisory Association (VTCA) and the Vietnam E-Commerce Association (VECOM).
During the Q&A session, representatives of household businesses asked the Tax Authority about tax calculation methods, initial declaration procedures, and the risks of back taxes when revenue increases.
One fish-ball noodle shop household business asked whether, with revenue ranging from 500 million dong to under 3 billion dong, it must open a separate bank account under the household’s name or whether it may use the owner’s existing account.
Mr. Mai Son, Deputy Director of the Tax Department, said Circular 25 is intended to clarify rights and benefits in determining revenue from household production and business activities and to provide a basis for the Tax Authority to support people when they face difficulties.
He noted that for bank accounts used, household businesses only need to inform the Tax Authority that the account is used for production and business activities. He also emphasized that if a household has registered an account for production and business, it should instruct customers to make transactions through that account.
“If we forget or make a mistake when a transaction occurs in other bank accounts that we have, the household must promptly inform the Tax Authority so the unit can update promptly, avoiding potential administrative violations or even the risk of tax evasion if the transaction is completed and forgotten,” the Deputy Director underscored.
Mr. Mai Son added that tax officers and solution providers will assist households with questions related to account use, account registration, and identification issues in those accounts.
Under Decree 68/2026/ND-CP and Circular 18/2026/TT-BTC of the Ministry of Finance, household businesses and individual businesspeople must inform the Tax Authority of all bank accounts and e-wallets related to business activities. For active households, the deadline is 20 April 2026.
Circular 18 clarifies the obligations of household businesses to report bank accounts and e-wallets used for production and business activities.
Under Decree 68, household businesses and individual businesspeople must report all bank account numbers or e-wallet IDs used to receive money from business activities.
For households falling under point b, paragraph 4, Article 17 of Decree 68, reporting must be made using Form 01/BK-STK, attached to Circular 18, no later than 20 April 2026.
In addition, if there are changes to bank account information or e-wallets used for business, households and individual businesspeople must report again to the Tax Authority as required by tax management laws.
The Tax Authority urged household businesses to take action immediately if they find invoices with incorrect amounts, tax codes, or item names.
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