•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
The tax authority has issued Dispatch No. 2354/CT-CS in response to Mr. Nguyen Ba Hoang’s inquiry regarding tax policy and administration for household businesses and self-employed individuals.
Under the dispatch, annual turnover of VND 500 million or less is not subject to value-added tax (VAT) and personal income tax (PIT) for household businesses and self-employed individuals, effective from January 1, 2026.
For household businesses and self-employed individuals with annual turnover over VND 500 million up to VND 3 billion, and who elect the PIT calculation method based on the revenue-based rate, PIT will be calculated on the portion of turnover exceeding VND 500 million.
The Tax Department noted that, under Government Decree No. 68/2026/ND-CP, household businesses and self-employed individuals must file tax declarations electronically. The tax agency is responsible for supporting and facilitating compliance.
It also said it has developed tax declaration form templates that meet requirements for simplification and digital transformation, aiming to make procedures more convenient for household businesses and self-employed individuals.
In addition, the dispatch highlights that many organizations, banks and units provide technology solutions to support household businesses, including integrated software for sales, accounting and electronic invoicing, with some offerings available free of charge in the initial phase to help them adapt to the new management approach.
Under the government’s digital transformation support policy for the private sector, the state also supports providing digital platforms and integrated accounting software with electronic invoicing for household businesses, to facilitate recording, invoicing and electronic tax declarations.
For those choosing income-based taxation, the dispatch sets out the following treatment for household businesses with turnover from VND 500 million to VND 3 billion per year:
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…
